so the p/e would be about 14 assuming 1.80 in earnings. This seems about average for the sector, no? Problem is, IB really has no direct comparable, so you have to decide what a reasonable PE would be.
Does anyone report IB market cap at the true figure of 10 billion? Any other examples of this confusion besides them?
Nice call, thanks for bumping this old thread. Got in yesterday, and out today for a quick +5%. Was going longer term, but given the current crazy market and good profit already on the table. I took it. The daily chart is a toss right now, it may fill the gap all the way up to 28.5 or drop again with the overall market, it's a coin flip on this one.
Banks began to rollover before this short covering massacre. I just shorted LEH at 18.45 via the 20C/P synthetic.