HBAN market cap $3.9BHBAN net tangible assets $4.6BAnd you folk wonder why your bank stock can't rise like yeasted pasta doe when better bank values exist ?
Boiler room, what are the capital ratios? I looked at a lot of these banks traading at below tangible book and they had serious problems; capital ratio too low or non performing assets at alarming levels.price/tangible book is only one variable.
Or how about the fact that HBAN is actually trading 28% above tangible book value and boileroom just doesn't know how to calculate it. If he asks me nicely I can explain to him or you why his calculation is wrong.