Here's a Major Benefit of Bank of America's Low Valuation

Here's a Major Benefit of Bank of America's Low Valuation

One of the biggest advantages Bank of America (NYSE: BAC) has right now is that its stock trades for a low multiple to book value. It's one of only four banks on the KBW Bank Index that trades for a discount to book value per share, according to YCharts.com.

You may be wondering: That doesn't seem like an advantage. After all, isn't it better when a stock trades at a high valuation?

Yes, as a general rule it is.

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Source: Fool.com