Dive deeper with interactive charts and top stories of bank of america corporation. How may one determine reasonable fair value estimates for banking stocks. Bank of america corporation common stock bac historical. Top 12 largecap stocks selling below book value seeking. Will bank of america stock dip below book value now. But bank of america s jill carey hall says thats about to change. Book value per share tells investors what a bank s, or any stock s, book value is on a pershare basis.
Bank of americas book value per share for the quarter that ended in dec. Book value per share tells investors what a banks, or any stocks, book value is on a pershare basis. Bank of america corporation bac book value per share. Start a 14day free trial to morningstar premium to unlock our price to fair value estimate. 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.
Dec 18, 2019 10 of the best bank stocks to buy for 2020. View realtime stock prices and stock quotes for a full financial overview. The book value is essentially the tangible accounting value of a firm. 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. The book value calculation in practice is even simpler. New york stock quote bank of america corp bloomberg. Historical price to book ratio values for bank of america bac over the last 10 years. Bac stock at 1x pricetobook seems like a deal but not everyone might agree. 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. 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. Jan 31, 2018 a lot of the drivers for jpmorgan chase as a megabank are also there for bank of america us. During the past 3 years, the average book value per share growth rate was 4. Price to book value is a valuation ratio that is measured by stock price book value per share. 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.
Time to buy bank stocks barrons stock investing news. The book value of a stock book value of total assets total liabilities. Identifying the best bank stocks by book value isnt as straightforward as it seems. To arrive at this number, subtract liabilities from assets. If you want to compare companies, you can convert to book value per share, which is simply the book value divided by. Find out all the key statistics for bank of america corporation bac, including valuation measures. View insider buying and selling activity for comerica. Find the latest book value per share for bank of america corporation bac. Using the pricetobook ratio to value bank stocks the.
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 corporation common stock bac stock quotes. Apr 06, 2016 heres why bank of america is a classic value trap that you should avoid. And bank of americas stock has been red hot, tacking on about 35% in the last six months to. Bac issued its quarterly earnings data on wednesday, january, 15th. In this scenario, the socalled pricetobook pb ratio is applied with a banks stock price compared to equity book value per share. Bank of america is the united states secondlargest bank by assets.
The book value is essentially the tangible accounting value of a firm compared to the market value that is shown. Bank of america bac stock falls further on investor. Heres why bank of america is a classic value trap that you should avoid. Bank of america corporation bac book value per share zacks. While bank of america stock price is still nowhere near the levels it reached before the financial crisis of 2008, bank of. Book value appeals more to value investors who look at the relationship to the stocks price by using the price to book ratio. 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. New york including stock price, stock chart, company news, key statistics, fundamentals and company profile. The trading economics application programming interface api provides direct access to our data. Bank of america s stock falls after profit miss, while revenue tops expectations shares of bank of america corp.
Bank of americas stock falls after profit miss, while revenue tops expectations shares of bank of america corp. New york bank of america get report stock is retreating by 6. Even this absurdly expensive stock market has a few deals left. Apr 27, 2012 top 12 largecap stocks selling below book value. Apr 19, 2018 how may one determine reasonable fair value estimates for banking stocks. Despite bad news, bank of america stock still is a buy. Historical price lookup 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. Book value per share is a widely used stock evaluation measure. Tangible book value per share is calculated as the total tangible equity divided by. Aug 30, 2019 will bank of america stock dip below book value now. Aug 30, 2019 on at least one key metric, bank of america nyse. Therefore market values are driven by the supply and demand for the stock. The closing price, days high, days low, and days volume have been adjusted to account for any stock splits andor dividends which may have. During the past 12 months, bank of america s average book value per share growth rate was 8. The current price to book ratio for bank of america as of april, 2020 is 0.
The current price to book ratio for wells fargo as of april 14, 2020 is 0. Market value is the value of the asset on the market. Historical price to book ratio values for wells fargo wfc over the last 10 years. Heres why bank of america is a classic value trap that you.
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. First, we are more positive on large us banks given. Find the latest historical data for bank of america corporation common stock bac at. Given the stock trades at a pricetangible book value of just 1. In the world of investments there are two primary ways in which investors analyze value. Jan 20, 2020 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. A lot of the drivers for jpmorgan chase as a megabank are also there for bank of america us. In this scenario, the socalled priceto book pb ratio is applied with a bank s stock price compared to equity book value per share. Buffetts big bank bet explained using a basic measure of.
Intrinsic business value is an economic concept, estimating future cash output discounted to present value. Bank of america s book value per share for the quarter that ended in dec. The 10 best value stocks to buy for 2020 kiplinger. Find out all the key statistics for bank of america corporation bac, including valuation measures, fiscal year financial statistics, trading record, share statistics and more. How to figure the book value of bank stock pocketsense. Bac stock bank of america stock price today markets insider. Date, stock price, book value per share, price to book ratio. But bank of americas jill carey hall says thats about to change. Jun 25, 2019 what is the average pricetobook ratio for a bank. Bank of america corporation common stock bac stock. Thats not because its hard to ascertain a banks book value, but rather because not all investors are likely. Bank of america price to book ratio 20062019 bac macrotrends. How to figure the book value of bank stock finance zacks. The move came on solid volume too with far more shares.
Get the latest bank of america stock price and detailed information including bac news. 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. Wells fargo price to book ratio 20062019 wfc macrotrends. Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets. Here, we evaluate 10 of the best value stocks to buy for 2020. Bank of america bac has recessionproof book value, says. Book value per share is a good measure to value bank stocks. Oct 20, 2018 book value per share is a good measure to value bank stocks. During the past 5 years, the average book value per share growth rate. Lowcost value stocks have long been left in the dust by more expensive growth stocks. Bank of americas tangible book value per share for the quarter that ended in dec. Morgan, can be viewed through this stockvalue lens at a time when concerns about an overvalued.
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. Apr 10, 2020 find out if bac is overpriced or undervalued. If you look up any balance sheet you will find that it is divided in 3 sections. 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 stock trades at less than 10x 2019 eps estimates. The big bank bets berkshire has made over decades of investing, which as of sept.
Bank of america corp bac price vs fair value morningstar. Bac stock at 1x price to book seems like a deal but not everyone might agree. Book value is sometimes cited as a way of determining whether a companys assets cover its outstanding obligations and equity issues. Bac stock quote for bank of america corporation msn. Bank of america corporation bac valuation measures.
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