EBITDA ex-provisions for ETFC this quarter 259. EBITDA for AMTD 302.
Book value ETFC 4.9 Billion, AMTD 4.2 Billion.
Tangible book ETFC 2.9 Billion AMTD .7 Billion.
Pretty comparable numbers and ETFC has half the shares outstanding.
They might all have the same forward PE for 2012, but ETFC will be the only one showing meaningful growth in EPS, and will be the only one who can goose their EPS by another .40 EPS the following year simply by paying back 1 Billion in debt. AMTD and SCHW would kill to buy .40 EPS a year for 1 Billion.