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On this point, Bank of America is trading at 13.6 times its consensus 2024 earnings per share of $3.22, as a forward price-to-earnings (P/E) ratio, and 1.3 times its book value. Both of these ...
Bank of America (NYSE: BAC), ... The stock trades at a price-to-book ratio of 1.2. Anything over 1 is generally considered fully valued or overvalued. Shares are now selling at a 56% premium to ...
Bank of America stock has increased significantly since the Federal Reserve paused its interest rate hikes. Despite this rally, the stock is still reasonably priced at 1.6 times its tangible book ...
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank ...
The company was founded on January 6, 1914, when Charles E. Merrill opened Charles E. Merrill & Co. for business at 7 Wall Street in New York City. [11] A few months later, Merrill's friend, Edmund C. Lynch, joined him, and in 1915 the name was officially changed to Merrill, Lynch & Co. [12] At that time, the firm's name included a comma between Merrill and Lynch, which was dropped in 1938. [13]
John Thain. John Alexander Thain (born May 26, 1955) is an American financial executive and investment banker. He was president and co-COO of Goldman Sachs, and then CEO of the New York Stock Exchange. Thain then became the last chairman and CEO of Merrill Lynch & Co. before its merger with Bank of America. He was designated to become president ...
Bank of America: A Healthy-Looking Financial Stock So far this year, Bank of America stock (NYSE: BAC) has returned 42.33%, outpacing the KBW Nasdaq Bank Index, which is up 37.09%.
Bank of America is expected to post revenue of $25.22 billion, according to data from Benzinga Pro. On July 9, Piper Sandler upgraded the stock from Underweight to Neutral and raised its price target