GrowthTurtle
Data Science PhD & IEEE Fellow, Ex-Two Sigma
FB Financial looks cheap against its earnings, at 10x next year's versus the 12x banks usually get. Fair value runs $54.44 to $69.28, or 12x next year's $5.16 a share give or take 12%, against $52.58, and it turns expensive above $60.48. The read leans on the forecast, with forward earnings 36% above trailing. This is a levels-only read from reported estimates, with no fundamental work. x.com
JPMorgan looks remarkably cheap against nearly every other bank despite being the best of them. Its forward P/E looks to be around 13. x.com
Société Générale combines improving returns with a cheap valuation. Return on tangible equity is rising while costs and risk-weighted assets fall and BoursoBank keeps growing, yet the shares trade at 7.1x forward earnings and 0.9x tangible book. Citi reiterates its Buy rating with a new €90 target, sizing BoursoBank as a bank within a bank. x.com
