US Porfolio : Top pick in 2012 - Bank of America - The winner of 2012

Bank


2011                                                Stock-Price Change

Wells Fargo (NYSE: WFC )            -11.1%

JPMorgan Chase (NYSE: JPM )      -21.6%

Citigroup (NYSE: C )                       -44.4%

Morgan Stanley                                -44.4%

Goldman Sachs                                 -46.2%

Bank of America (NYSE: BAC )      -58.3%

(Source: S&P Capital IQ.)

Bank                                       Price-to-Book Ratio
Wells Fargo                                        1.2

JPMorgan Chase                                 0.8

Citigroup                                             0.5

Morgan Stanley                                   0.6

Goldman Sachs                                   0.8

Bank of America                                 0.3


High risk, high return. Due to uncertainty, the US banks share is undervalued. Buy when others fearful !


Special Situation Porfolio (US) in 2012 :
Bank of America

We're betting on banking sector recovery in US.