Aug. 22 at 12:04 PM
$RF price is trading in line with the valuation of its peers. Approximately 1.2 times price to book. P/E 12 FWD P/E 10. This is a banking pure play. Bottomline: Good solid bank. As for the stock, you should watch and wait for a better entry /purchase point. I would say below
$22 per share at this point in time. Disclosure I am LONG RF. I recently purchased in April 25 on the pull back.
