Europe’s Biggest Banks Are Worth More on Paper These Days: ChartBy
Among Europe’s largest lenders, Deutsche Bank AG and UniCredit SpA have the weakest price-to-book ratio, which measures the stock price against the value of assets minus liabilities. Both banks have been seeking ways to boost capital buffers and profitability to reverse a slump in their shares, which has left them trading at less than what investors would expect to receive if the firms liquidated assets. Britain’s Lloyds Banking Group Plc is the only of the 10 largest banks by assets that’s trading above book value.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Smartphones Are Killing Americans, But Nobody’s Counting
- Why a Pub in the Middle of Nowhere Was Named the World’s Best Restaurant
- Gulf Coast Oil Spill May Be Largest Since 2010 BP Disaster
- Racist Outburst Prompts Faber’s Exit From Three Company Boards
- Ford to Take $267 Million Hit From Recall of F-Series Trucks