JP Morgan adds to coco valuation debate

Thursday, April 10, 2014

Amid widespread uncertainty over how to value so-called alternative Tier 1 bank capital securities, JP Morgan has come up with a list of those it thinks are trading cheap to fair value and those that look expensive.

TAGS: JP Morgan BBVA

Comment by: Anonymous. Posted 10 years ago [2014-04-11 00:31:17]

If it helps - and it likely doesn't - I'll cast my anonymous vote by saying all cocos are over-valued. There will be a future mini-panic concerning European bank solvency. The easy first switch to hit for nervous regulators and politicians who "want to do something" will be to flatten the cocos.

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