Banks a la Mad Money

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In Jim Cramer's book, "Mad Money" he describes his technique for valuing banks: 'I know that banks tend to get acquired when they sell at less than two and a half times their book value[...] Thats the best way to evaluate banks."

So I did a screen for banks with less than a $2bb market cap trading for less than 1.5x book value. I also looked for things like decreases in non-performing loans (so there isn't much default risk) and increase in deposits and branches (so I know they are increasing the book value).

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