Fundamental Analysis of Banks: The Use of Financial Statement Information to Screen Winners from Losers Forthcoming in the Review of Accounting Studies

Abstract

In this study, we investigate whether investors can improve their ability to screen U.S. bank stocks by adopting a fundamental analysis-based approach. We construct a bank fundamentals index (BSCORE) based on fourteen bank specific valuation signals, and first document a positive association between BSCORE and future profitability changes (one year-ahead… (More)

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11 Figures and Tables