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So Which Bank Stock are you investing in today?

Category: Investors NewsBeat


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So Which Bank Stock are you investing in today?

Monday, November 19, 2012 9:58 AM / The Analyst

Using value investing approach, the earnings yield performance and P.E ratio have been employed to screen the banking stocks. To this regard, the stocks have been ranked according to their undervalue posture, considering long term investment objectives.

The earnings yield has been the key and simple valuation matrix used to position these stocks properly as the matrix reflects how investors/traders position/value the stocks without bias.

Earnings yield in percentage represents the return on every unity of money invested that should be earned by the company.

Diamond bank appeared leading the list with highest earnings yield of 31.30%, which has positioned the bank as most undervalued stock in the sector. This has placed the stock in a high-ranked long term category.

Though, Wema bank should be topping the list but not on this list as the bank just presented their Q4’2011 result as against Q3’2012 used for the analysis.

The ranking table below puts the sector in a proper perspective, just as explained above.



About the Authors:

Taiwo OLOGBON-ORI is with The Analyst – the investment and equity research services operations of Proshare

Disclaimer/Advice to Readers:
While the website is checked for accuracy, we are not liable for any incorrect information included. The details of this publication should not be construed as an investment advice by the author/analyst or the publishers/Proshare. Proshare Limited, its employees and analysts accept no liability for any loss arising from the use of this information. All opinions on this page/site constitute the author’s best estimate judgement as of this date and are subject to change without notice. Investors should see the content of this page as one of the factors to consider in making their investment decision. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions. This information is published for circulation in/to our online investment community in accordance with the terms of usage. Further enquiries should be directed to
research@proshareng.com or/and analyst@proshareng.com



Tags: Investors,  Penny Stocks,  Nigerian Stock Exchange,  Bargains,  Banking Sector,  Equities,  DIAMONDBNK,  UBA,  SKYEBANK,  FIDELITYBK,  STERLNBANK,  FCMB,  ETI,  UNITYBNK,  ACCESS Bank,  FIRSTBANK,  Union Bank of Nigeria,  ZENITHBANK,  Wema Bank,  GUARANTY,  IBTC, 



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