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Highest Earnings Yield in the Diversified Banks Industry Detected in Shares of Banco Latinoamericano de Exportaciones (BLX, WFC, USB, CMA, BAP)
Feb 24, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Diversified Banks industry with the highest earnings yields. Earnings yield is useful to compare the relative benefit of owning a stock vs. owning other yield assets such as bonds. If the earnings yield is higher, stocks may be considered undervalued.Banco Latinoamericano de Exportaciones ranks highest with a an earnings yield of 9.5%. Following is Wells Fargo with a an earnings yield of 9.5%. US Bancorp ranks third highest with a an earnings yield of 8.5%.
Comerica follows with a an earnings yield of 8.2%, and Credicorp rounds out the top five with a an earnings yield of 6.7%.
SmarTrend recommended that subscribers consider buying shares of Comerica on November 27th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $29.83. Since that recommendation, shares of Comerica have risen 12.6%. We continue to monitor Comerica for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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