Next Is a Big Week for Bank Reports
Source:Posted on Tuesday, July 15th, 2008 | In Financial
Contributed by: Richard Shaw (http://www.QVMgroup.com) -
The next seven days will see most of the banks in the KBW large bank index (proxy KBE) reporting. That should be an interesting time with all the news and gyrations of the past few days.
Here is a list of the members of the index ordered by PE’s based on the street estimate of next year’s earnings.
Significant surprises are likely. We are in a huge guessing game over the banking industry these days. Expect some substantial price adjustments as the reports roll out.
Richard Shaw
QVM Group LLC
[Securities mentioned in this article: KBE, RF, HBAN, ZION, WB, BAC, C, COF, BBT, KEY, CMA, MI, STI, FTIB, USB, WFC, JPM, MTB, PNC, BK, STT, NTRS, PBCT, NCC, WM]
Last 5 posts by Richard Shaw
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 About Richard Shaw (http://www.QVMgroup.com)
Richard is a fee-based investment advisor in Connecticut. His extensive experience, includes serving on the Board of Directors of Aberdeen Asset Management PLC ($158 billion assets under management, listed London Stock Exchange: ADN), and as a member of the Board of Directors of Phoenix Investment Counsel, a U.S. mutual fund and pension manager (part of The Phoenix Companies, $45 billion assets under management, listed NYSE: PNX). On the distribution side, he served as President of a distributor of offshore investment funds based in Luxembourg; and also as head of the institutional asset management sales division for a major asset manager. He was also responsible for management of a U.S. mutual funds broker dealer. Additionally, he has been a trustee of a $500 million pension fund and president of an insurance company. He has been a charter investor and member of the Board of Directors of several internet companies, including Lending Tree prior to its IPO and subsequent takeover. He is a graduate of Dartmouth College. QVM Group LLC is a Registered Investment Advisor. |
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