In “Banks Undervalued: Different Lens, Same Conclusion”, Wells Fargo Securities’ analyst Mike Mayo leverages our research to broaden his coverage and strengthen his thesis. The report shows:

  1. New Constructs improves the traditional return on equity to price to book analysis by translating accounting earnings to economic earnings.
  2. Return on invested capital (ROIC) is superior to ROE.
  3. The financial industry, especially banks, appears undervalued compared to other industries.
Get Mike Mayo's report on ROIC & banks

The report exemplifies the benefits of real-world application of our Robo-Analyst technology: more coverage and better insights.

Through detailed examples, Mike Mayo underscores the Ernst & Young white paper that shows the material superiority of our research, in particular ROIC.

This article originally published on December 12, 2017.

Disclosure: David Trainer and Kyle Guske II receive no compensation to write about any specific stock, style, or theme.

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Click here to download a PDF of this report.


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