why is BAC,WFC,AXP trading with such high P/Es?

[noob_trad3r]

These seem like high P/E's the S&P in general seems like its trading at 17-18 p/e. Does not seem like too much of a bargain.

am I seeing something wrong, the banking stocks seem like they are particiularly trading at some high p/e's


WFC 33x P/E
BAC 13.8 p/e
AXP 12.7 p/e

 

[MrDODGE]

The government has created manipulated earnings. Look at their forward P/E ratios. They are much lower in most cases.

 

[Daal]

You got to look at forward PEs, the market is betting next year will be great, WFC JPM BAC are all trading at 10-13 forward PE