Lowcost value stocks have long been left in the dust by more expensive growth stocks. Despite bad news, bank of america stock still is a buy. Bank of america bac stock falls further on investor. During the past 5 years, the average book value per share growth rate.
Bac stock quote for bank of america corporation msn. Of course, we use book value per share to help us determine the value of those assets in relation to a number of shares outstanding. Heres why bank of america is a classic value trap that you. Intrinsic business value is an economic concept, estimating future cash output discounted to present value. Bank of america stock trades at less than 10x 2019 eps estimates.
Tangible book value per share is calculated as the total tangible equity divided by. How to figure the book value of bank stock pocketsense. Bank of america is the united states secondlargest bank by assets. If you look up any balance sheet you will find that it is divided in 3 sections. How to figure the book value of bank stock finance zacks. Bank of america s tangible book value per share for the quarter that ended in dec. Given the stock trades at a pricetangible book value of just 1. Find out all the key statistics for bank of america corporation bac, including valuation measures. Further, some investors and analysts look at the price of a stock in relation to its book value, which is provided in the companys annual report, to help identify undervalued stocks. Bac stock at 1x price to book seems like a deal but not everyone might agree. Morgan, can be viewed through this stockvalue lens at a time when concerns about an overvalued. Start a 14day free trial to morningstar premium to unlock our price to fair value estimate. The statistic presents the price of the bank of america shares traded on the new york stock exchange from 1990 to 2019, as of year end.
Even this absurdly expensive stock market has a few deals left. Jun 25, 2019 what is the average pricetobook ratio for a bank. Bank of america corporation common stock bac stock quotes. Therefore market values are driven by the supply and demand for the stock. Bank of america corporation bac valuation measures. Apr 10, 2020 find out if bac is overpriced or undervalued. Book value per share is a widely used stock evaluation measure.
Analyst mike mayo said bank of america has a recessionproof book value, and he noted that it has potential to be an eventdriven stock. Bank of america s book value per share for the quarter that ended in dec. Bank of america corporation bac book value per share. Using the price to book ratio to value bank stocks when it comes to evaluating bank stocks, the pe ratio doesnt tell you the whole story. Find the latest historical data for bank of america corporation common stock bac at. Book value is sometimes cited as a way of determining whether a companys assets cover its outstanding obligations and equity issues. Historical price lookup bank of america corporation. The book value is essentially the tangible accounting value of a firm compared to the market value that is shown. To arrive at this number, subtract liabilities from assets. Apr 06, 2016 heres why bank of america is a classic value trap that you should avoid. Bank of america price to book ratio 20062019 bac macrotrends. Total tangible equity is calculated as the total stockholders equity minus preferred stock minus intangible assets.
Bac stock bank of america stock price today markets insider. Bank of americas stock falls after profit miss, while revenue tops expectations shares of bank of america corp. If you want to compare companies, you can convert to book value per share, which is simply the book value divided by. Oct 20, 2018 book value per share is a good measure to value bank stocks. Historical price to book ratio values for wells fargo wfc over the last 10 years. In depth view into bank of america book value per share including historical data from 1973, charts, stats and industry comps.
Bank of america corporation common stock bac stock. Dive deeper with interactive charts and top stories of bank of america corporation. Value of client assets at bank of america 2019, by. Thats not because its hard to ascertain a bank s book value, but rather because not all investors are likely. Top 12 largecap stocks selling below book value seeking.
Get the latest bank of america stock price and detailed information including bac news. In the world of investments there are two primary ways in which investors analyze value. Using the pricetobook ratio to value bank stocks the. Date, stock price, book value per share, price to book ratio. The 10 best value stocks to buy for 2020 kiplinger. Using the pricetobook ratio to value bank stocks when it comes to evaluating bank stocks, the pe ratio doesnt tell you the whole story. While bank of america stock price is still nowhere near the levels it reached before the financial crisis of 2008, bank of. Company insiders that have sold comerica company stock in the last year include christine m moore, james harry weber, peter william guilfoile, and reginald m turner, jr. And bank of americas stock has been red hot, tacking on about 35% in the last six months to. The big bank bets berkshire has made over decades of investing, which as of sept. Dec 09, 2019 even this absurdly expensive stock market has a few deals left. Identifying the best bank stocks by book value isnt as straightforward as it seems. View insider buying and selling activity for comerica.
How may one determine reasonable fair value estimates for banking stocks. A lot of the drivers for jpmorgan chase as a megabank are also there for bank of america us. The book value calculation in practice is even simpler. Bank of americas book value per share for the quarter that ended in dec. Bank of america bac has recessionproof book value, says. Wells fargo price to book ratio 20062019 wfc macrotrends. New york bank of america get report stock is retreating by 6. Book value per share tells investors what a bank s, or any stock s, book value is on a pershare basis. Bac stock at 1x pricetobook seems like a deal but not everyone might agree. Bac stock bank of america stock price today markets. Bank of americas tangible book value per share for the quarter that ended in dec.
The book value is essentially the tangible accounting value of a firm. But bank of americas jill carey hall says thats about to change. The book value of a stock book value of total assets total liabilities. Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets. The move came on solid volume too with far more shares. Cma stock was sold by a variety of institutional investors in the last quarter, including ifm investors pty ltd. During the past 12 months, bank of america s average book value per share growth rate was 8. Bank of america corporation bac free report was a big mover last session, as the company saw its shares rise nearly 8% on the day. Bank of america corporation bac book value per share zacks. Here, we evaluate 10 of the best value stocks to buy for 2020. View the latest bac stock quote and chart on msn money.
Aug 30, 2019 will bank of america stock dip below book value now. But bank of america s jill carey hall says thats about to change. The current price to book ratio for bank of america as of april, 2020 is 0. Apr 27, 2012 top 12 largecap stocks selling below book value. View realtime stock prices and stock quotes for a full financial overview. Bank of america corp bac price vs fair value morningstar. In this scenario, the socalled priceto book pb ratio is applied with a bank s stock price compared to equity book value per share. First, we are more positive on large us banks given. Thats not because its hard to ascertain a banks book value, but rather because not all investors are likely. In this scenario, the socalled pricetobook pb ratio is applied with a banks stock price compared to equity book value per share. The current price to book ratio for wells fargo as of april 14, 2020 is 0. The closing price, days high, days low, and days volume have been adjusted to account for any stock splits andor dividends which may have.
Bank of america corporation common stock bac historical. Apr 19, 2018 how may one determine reasonable fair value estimates for banking stocks. Time to buy bank stocks barrons stock investing news. Using the priceto book ratio to value bank stocks when it comes to evaluating bank stocks, the pe ratio doesnt tell you the whole story. Historical price to book ratio values for bank of america bac over the last 10 years. Heres why bank of america is a classic value trap that you should avoid. In this scenario, the socalled price to book pb ratio is applied with a bank s stock price compared to equity book value per share. New york stock quote bank of america corp bloomberg. Jan 31, 2018 a lot of the drivers for jpmorgan chase as a megabank are also there for bank of america us. Book value appeals more to value investors who look at the relationship to the stocks price by using the price to book ratio.
Bac issued its quarterly earnings data on wednesday, january, 15th. Dec 18, 2019 10 of the best bank stocks to buy for 2020. Will bank of america stock dip below book value now. Find the latest book value per share for bank of america corporation bac. New york including stock price, stock chart, company news, key statistics, fundamentals and company profile. Book value per share tells investors what a banks, or any stocks, book value is on a pershare basis. It allows api clients to download millions of rows of historical data, to query our realtime economic calendar, subscribe to updates and receive. Bank of america s stock falls after profit miss, while revenue tops expectations shares of bank of america corp. During the past 3 years, the average book value per share growth rate was 4.