The firm on Friday rebalanced its basket of 50 stocks with the highest consensus expected return on equity (ROE).
When you hear that ROE is 10%, it sounds like a high number.
Return on equity (ROE) measures how well a company generates profits for its owners.
Return on Equity (ROE) is the income before non-recurring items generated during a period, expressed as a percentage of the average shareholders’ equity over that period.