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24/7 Wall St.: The 7 Safest Banks in America

The 7 Safest Banks in America

Moody’s recent downgrade of fifteen of the world’s largest banks, along with JPMorgan Chase & Co.’s (NYSE: JPM) multi-billion trading loss, make it clear that certain big banks are just not as safe as depositors might have hoped. Still, consumers have to keep their money somewhere.

24/7 Wall St. has compiled a list of the safest banks to help consumers navigate through continued difficult times. The criteria were very strict. They focused on the universe of the money-center banks, super-regional banks, and banks with retail branches that encompass several states

24/7 screened for banks with a market capitalization of more than $2 billion. They further screened for banks whose share value is be less than 14 times earnings (P/E ratio). The share price to book value had to be less than 2.0. The bank had to have a minimum return on equity of 8% or more. To demonstrate how confident a candidate bank is, it had to pay its common holders a dividend yield of 2.0% or higher.

(AP Photo/Paul Sakuma)

More From 24/7 Wall St.:
10 Brands That Will Disappear in 2013
Banks Hiding the Least and Most Fees
America’s Most and Least Peaceful States



The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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