Bank Valuation: Understanding Key Ratios and Metrics
Tom Spencer
OCTOBER 13, 2023
Image 1: Illustrative example of a bank’s net interest income and margin Source: CIBC’s 2022 Annual Report 1.2 However, P/B has generally become a measure that is less useful than it was in the past since banks’ balance sheets are not as important as they used to be in determining earnings power.
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