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Ideas For Profit | City Union Bank: Loan growth & receding asset quality woes to fuel stock re-rating?

City Union Bank’s stock has corrected 28% from the peak. Valuation has moderated to 1.2 times book value estimated for FY24, way lower than its three-year historical average of 2.6 times, and peak valuation of 3.8 times book value. Is it time to buy the stock? Watch the video.

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