Bank of america is the marketing name for the global banking and global markets business of bank of america corporation. To arrive at this number, subtract liabilities from assets. During the past 3 years, the average book value per share growth rate was 4. In depth view into bank of america price to book value including historical data from 1973, charts, stats and industry comps. Bank of america corporation common stock bac revenue eps. The current price to book ratio for bank of america as of may, 2020 is 0. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of bank of america corporation, including bank of america, n. Bank of america private bank operates through bank of america, n. Book value per share can be defined as the amount of equity available to shareholders expressed on a per common share basis. Bac stock bank of america stock price today markets.
Will bank of america stock dip below book value now. If youre enrolled in this security feature, we sent a notification to your registered device. On the other hand, citigroup and bank of america have traded at a marked discount to book value as investors remain skeptical about the quality of legacy loans on their balance sheets. Book value per share tells investors what a banks, or any stocks, book value is on a pershare basis. What are the current pricetobook ratios for the largest.
Bank of america stock has come roaring back from the brink, and over the past 12 months is up a whopping 65%, substantially outpacing both. Get the kelley blue book value for your used car or tradein vehicle, find tools to help you with buying or. In depth view into bank of america tangible book value per share including historical data from 1973, charts, stats and industry comps. Bank of america corporation bac book value per share. Trust and fiduciary services are provided by bank of america private bank, a division of bank of america, n. Bank of america corporation bac stock price, quote. Bac stock price, news, historical charts, analyst ratings and financial information from wsj. Price to book value is a valuation ratio that is measured by stock price book value per share. Historical price to book ratio values for bank of america bac over the last 10 years. The book value is essentially the tangible accounting value of a firm compared to the market value that is shown. Why did bank of america change its focus to tangible book. The core of this book is the story of the politics, disagreements, decisions and crises that culminated in the federal reserve act. Current and historical book value per share for bank of america bac from 2006 to 2019. Bank of america s book value per share for the quarter that ended in mar.
Verify your identity in the app now to sign in to online banking. Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets. The price to book ratio or pb is calculated as market capitalization divided by its book value. Price book value is a widely used stock evaluation measure. View realtime stock prices and stock quotes for a full financial overview. During the past 5 years, the average book value per share growth rate was 4. Bank of america disappointed analysts after it reported a fourthquarter net loss. Americas bank, by roger lowenstein the new york times. Find out what your car is worth at, the trusted resource for used car values.
The pb ratio is favored by value investors for its. Using the pricetobook ratio to value bank stocks the. Find the latest book value per share for bank of america corporation bac. 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. Book value per share is a widely used stock evaluation measure. Hence, bank of america corporations pricetobook ratio for the period was 1. Wells fargo is actually almost as much as jpmorgan, 1. The pricetobook pb ratio is an evaluation metric that is used to compare the current market price of a companys stock to its book value. Bank of america corporation bac valuation measures. Bank of america corporation common stock bac stock. Bank of america bac book value per share actual data and historical chart was last updated on may of 2020 according to the latest annual and quarterly financial statements.