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Highest P/E Ratio in the Investment Banking & Brokerage Industry Detected in Shares of Evercore Partners (EVR, OPY, GHL, ETFC, ITG)Jan 10, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Investment Banking & Brokerage industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.Evercore Partners ranks highest with a a P/E ratio of 91.06. Oppenheimer Holdings is next with a a P/E ratio of 71.25. Greenhill ranks third highest with a a P/E ratio of 39.13. E*Trade Financial follows with a a P/E ratio of 36.04, and Investment Technology Group rounds out the top five with a a P/E ratio of 32.21. SmarTrend recommended that subscribers consider buying shares of Evercore Partners on November 29th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $27.71. Since that recommendation, shares of Evercore Partners have risen 17.5%. We continue to monitor Evercore Partners for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |