Why are these financials trading with such high P/Es?

Discussion in 'Stocks' started by noob_trad3r, Jul 6, 2009.

  1. BAC 15
    GS 30

    WFC P/E 31
  2. Most likely answer is that the "E" in your equation is recent historical earnings, whereas the stocks trade on future expected earnings.

    Do your homework. This doesn't even rise to Valuation 101 and if u hadn't noticed, this site isn't called Noobtrader.