Found out yesterday I have an in-person interview for a long-only mutual fund as a research analyst for financials and industrials, in which I'll meet the team and then give a stock pitch on a bank that fits their investment profile (micro-to-mid-cap). The interview is on the 15th, and I'm a bit worried as I'll likely get bombarded with questions from the nine people I'm presenting it to.
I'm coming from an ER background in Med Tech, so I haven't had any exposure to how to properly value bank stocks. I was reading last night in Valuation by McKinsey, and it suggested using an equity cash flow model. Is this the most appropriate manner for determing a price target or is P/B (or some other metric) more useful?
Any help/advice is greatly appreciated!
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