BANK VALUATIONS SINCE 1st JANUARY 2016 – THE SITUATION IS MARGINALLY WORSE SINCE LAST THURSDAY – 4th February
|BANK||Share price 1/1/16||Share price 9/2/16||% loss|
|BANK OF AMERICA||$17.03||$12.30||-27.8%|
|CREDIT SUISSE||CHF 21.80||CHF13.64||-37.4%|
The penny has finally dropped! The deterioration of banks’ share capital value cannot be swept under the carpet. It will of course not have escaped the attention of all Central banks and the regulators. It may be necessary for the FED, ECB, BOJ, RSA and BOE to comment before too long. Unlike the last banking crisis neither Australia nor Canada have been immune from a measurable degree of fall-out!
It is interesting to note that those who invested in banks in 2006 would have shown no return apart from some dividends.