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Why Are Bank P/Es So Low?

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February 10, 2006 – Motley Fool By Vitaliy Katsenelson, CFA Investing in the stock market is a never-ending learning experience. That’s what makes it so appealing and intellectually stimulating. And I inadvertently had one of those live-and-learn experiences just the other day. In my piece on Lloyds TSB(NYSE: LYG), I wrote that banks usually trade…

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