(TheStreet) -- Bank stocks continue to dig a deeper hole with every negative headline, but analysts feel investors may have hit bedrock.
The 12-month consensus price targets for shares of the nation's 50 largest banks by assets are well ahead of current market prices, according to data from FactSet, showing that analysts feel the market is undervaluing the stocks.
Several banks including behemoths like Bank of America BAC and Citigroup C are trading at a discount to their book values.
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