The worst may now be over for bank of america bac stock. How to figure the book value of bank stock finance zacks. Get all the key statistics for bank of america corporation bac, including valuation measures, fiscal year financial statistics, trading records, share statistics and more. Book value per share can be defined as the amount of equity available to shareholders expressed on a per common share basis. Bank of america corporation common stock bac stock. Bank of america corporation bac book value per share. The book value is essentially the tangible accounting value of a firm compared to the market value that is shown. Bank of america serves as somewhat of an exception to this general rule. Why bank of america earnings arent good enough 247. Price to book value is a valuation ratio that is measured by stock price book value per share.
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. The price to earnings pe ratio, a key valuation measure, is calculated by dividing the stocks most recent closing price by the sum of the diluted earnings per share from continuing operations. Book value at citigroup, bank of america, jpmorgan, wells. Bank of america corporation bac valuation measures. Book value per common share is a measure used by owners of common shares in a firm to determine the level of safety associated with each individual share after all debts are paid accordingly. The book value is essentially the tangible accounting value of a firm. Its ranked 20th out of 23 banks on the kbw bank index when it comes to growth in book value per share since 2010. In depth view into bank of america book value per share explanation, calculation, historical data and more. This may underestimate the true economic values of the assets. About book value per share book value, per share, reveals the current state of the company and ignores future growth potential. Issuance of common stock repurchase of common stock. Heres how investors should value bank of americas stock.
Bac stock bank of america stock price today markets. Indepth view of key statistics and finances for bank of america corporation bac on msn money. Bank of america is positioned to excel amidst crisis nyse. Book value per share is a good measure to value bank stocks. Book value per share is a widely used stock evaluation measure. With shares trading at around 80% of book value, bank of america stock looks cheap at todays prices. Book value per share tells investors what a banks, or any stocks, book value is on a per share basis. Bank of america price to book ratio 20062020 bac macrotrends. Bank of america corp price tangible book value chart for bac. Find the latest book value per share for bank of america corporation bac.
Historical price to book ratio values for bank of america bac over the last 10 years. Bank of america corporation bac book value per share zacks. The assets may be carried on the balance sheets at the original cost minus depreciation. In this scenario, the socalled price to book pb ratio is applied with a banks stock price compared to equity book value per share. Find out all the key statistics for citigroup, inc. Find out why bank stocks usually trade below book value and understand how trading activities increase banks risk exposures and affect. In depth view into bank of america book value per share including historical data from 1973, charts, stats and industry comps. Bac reported its most recent quarterly results before the opening bell on wednesday. Find the latest historical data for bank of america corporation common stock bac at. As of today 20200419, bank of americas share price is usd 23. C, including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Bank of america corporation common stock bac historical.