Analysis of specifics of the banking industry

Diploma thesis focuses on the analysis of the banking industry, which uses the tools of fundamental analysis. The aim of this thesis is to identify and evaluate the characteristics of the banking industry which distinguishes it from the other sectors. The first part deals with the characteristics of the banking sector, to use global and sectoral fundamental analysis. In the second part there is a comparison of the banking sector with other sectors such as commodity companies, cyclical companies and companies engaged in the production and sale of comsumer goods. The third part is the calculation of the intrinsic value of a company Komerční banka, a.s. A dividend discount model, profit models and an Excess return model are used in the third part