Why Motley look at 2011 numbers to make 2012 or 2013 RF price? Stock go thru the transition and RF is one of them like many other banks.
Current RF book value is $10.23, 2012 income of $71 and 2013 income of $.80.
Current RF price if only 70% of its book value.
Current year (2012) PE is 10.14, Next year PE is 9.
RF is oversold by any measure and compare to all or most of reginal banks.
HBAN has PE of 10.45 for 2012 and 213 and 112% of it book value.
Same for other reginal banks.
I thought it was a pretty balanced discussion and a valid comparison among the banks mentioned. RF is already close to the 12-month price that most analysts have posted, so of course there is concern about whether it is ahead of itself. I think you would have had a different opinion of the article if you had actually read it before posting.