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.
Source: Fool.com
Bank of America Corp. Stock
€35.75
0.490%
Our community is currently high on Bank of America Corp. with 28 Buy predictions and 5 Sell predictions.
As a result the target price of 42 € shows a slightly positive potential of 17.5% compared to the current price of 35.75 € for Bank of America Corp..
