Case File
efta-01459745DOJ Data Set 10OtherEFTA01459745
Date
Unknown
Source
DOJ Data Set 10
Reference
efta-01459745
Pages
1
Persons
0
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0
Deutsche Bank Securities Inc.
(Figure 18: Current valuation of S&P 500 banks and their fair value under our assumed 7% real CoE
IPS
WM EPS Groat%
PE
loot Valm
Per Share
Pa
ea
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FaUr Value ma
Moaned 7% Real
Cot
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on
Ow
3016E
2016
20160
20160
00y00%
EPS
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EPS
EPS
ROE
ROE
EPS
12016E
20016E
wah
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with
laud and
wet
EPS
10Year
EPS
8%
Growth mth 8% PE or, PC on
8%
TaMI
Price/
an
on
8% indkat
with.%
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10
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ad
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by down%
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Year
Year
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Name
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de
EPS
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de
BVPS BVPS
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EPS
de
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Veld Beta
Beta
Beta
20061
B87.US
8847 Cot
H cid
2.57
2.99
2.75
163%
7.0%
12.4
10.6
11.6
35.0 220
0.9
1.4
7.3%
8.5%
7.9%
109
3.4%
36%
40%
14.3 1.0
2.8%
1.2
1.4
1.2
0.9
MC4/5
Bioko' America COM
Buy
137
1.51
1.39
93%
1.1%
9.5
87
9.4
24.7 173
OS
0.8
5.6%
6.1%
5.6%
020
13%
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14%
14.3 0.8
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1.7
1.9
1.6
1.1
C-US
Grayoup Ine
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539
5.35
4.92
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42%
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73
82
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03
01
7.2%
7.1%
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0.20
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14.3 1.0
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1.7
2.0
1.7
IA
CMA-LIS
(America Inc
Hold
2.91
101
2.77
3.4%
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11.6
11.4
12.4
43.1 43.1
08
0.8
68%
70%
6.4%
016
2.5%
29%
31%
14.3 1.0
2.2%
1.3
1.5
13
1.0
P118-US
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IS
204
1.58
1.45
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7.5
911
106
20.2
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052
3.4%
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14.3 1.4
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1.4
1.9
1.5
0.9
IOAN-1.6 ituntlaton lanatutes Inlaid
011
0/7
0.80
7.7%
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98
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8.3
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2.5%
1.4
LS
IA
0.9
0144.15
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5.99
609
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10.3
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08
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1.77
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1.6
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143 1.2
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1.4
LS
1.4
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MTB.US
M4T Bank Corp
Suy
7.21
DA
7.80
17.6%
8.2%
14.7
I2S
13.6 101.3 71.7
ID
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7.1%
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7.7%
2.32
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33%
36%
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1.1
13
0.9
0.6
PNE4.6
PNC Financial Sane, Ca Buy
7.40
7.47
6.87
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112
12.2
10.7 66.7
0.9
1.3
83%
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204
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12
1.0
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0.84
0.92
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1.0%
16.9
15.4
16.7
15.6
137
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1.6
5.4%
5.9%
5.4%
0.67
4.7%
73%
110%
143 0.8
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0.9
0.9
0.8
0.7
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9-3
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015
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350
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91
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14.3 1.1
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1.7
1.4
01
USSUS
U.S. BANCORP
Buy
3.16
3.36
309
6-4%
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12.4
11.7
12.7
16.3 193
1$
23 12-0% 128% 111%
1.03
2.6%
31%
33%
143 1.7
2.3%
1.1
1-3
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0.9
WPC.US
Wel% Fargo &Co
Buy
4.15
429
3.95
3.4%
-4.9%
11.5
11.1
12.1
37.9 302
1.3
1.6 10.9% 113% 10.4%
1.46
33%
34%
37%
143 1.6
2.6%
1.2
1.6
13
0.9
ZION.05
DONS IIMCORPOMOON Iva
120
116
1.71
54.6%
42.4%
18.1
11.7
12.7
36.7 31.7
0.6
0.7
3.3%
5.1%
4,7%
024
1.1%
13%
14%
14.3 0.5
1.0%
1.4
1.7
13
OA
%G-US
Oaten. enancotGroup ir Buy
155
113
1.68
181%
8.7%
12.9
11D
11.9
35.3 21.3
0.6
D.9
4.4%
52%
4.8%
0.40
2,0%
22%
24%
14.3 0.6
1.76
kb
NA
HA
HA
P4V40444
115%
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9.7
105
08
1.0
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7.6%
3.4%
14%
26%
143 1.1 II%
2.3
14
1.3
1.0
Average
6.4%
0311 11.6
108
115
01
1.1
7.6%
8.0%
7.4%
2.6%
2.9%
31%
IA.3 1.1
2.2%
1.3
1.6
13
0.9
Ma
54.8%
42.4%
18.1
15A
16.7
15
2.1 12.0% 124% 11.8%
4.7%
73%
80%
14.3 1,7
5.6%
1.7
2.0
1.7
1.4
Mm
.22S% 49O%
7.5
75
8.2
05
0.6
33%
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4%
14.3 03 0.3%
0.9
OS
OA
0.6
Sam 061 Conan Amon Thaw /Purrs Osesclw
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
CONFIDENTIAL
DB-SDNY-0120404
SDNY_GM_00266588
EFTA01459745
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