Bank of America
Net Equity (as of end of March 2009) = $ 240 Billion
Market Capitalization (as of Apr 30, 2009) = $57.16 Billion
Citibank
Net Equity (as of end of March 2009) = $ 144 Billion
Market Capitalization (as of Apr 30, 2009) = $16.81 Billion
One explanation for these numbers, besides a cash flow problem, is that the market believes that some of their underlying assets are incorrectly valued.
Makes since...they probably have a bunch of bad receivables sitting on their books they don't want to devalue.
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