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Notably, Bank of America stock today is trading below its peak P/B ratio of above 1.6 in 2022 when the stock price was at a similar level. ... BAC Price to Book Value data by YCharts.
Note that in the past 12 months, Bank of America's price-to-earnings (P/E) ratio jumped 107%, from 8.3 to 17.3 as of this writing. This more than offset falling earnings during the period.
Bank of America’s earnings per share fell to 73 cents, a 32% decline compared to the second quarter of 2021 due in part to a roughly $500 million provision for credit losses vs. a $1.6 billion ...
True to his bargain-hunter reputation, Buffett topped up his Bank of America stake in 2020, when the pandemic-hit stock was trading around $25. He purchased about $2.1 billion worth over 12 ...
The value date can also mean: the date when the entry to an account is considered effective in accounting. the delivery date of funds traded in banking. For spot transactions it is the future date on which the trade is settled. In the case of a spot foreign exchange trade it is normally two days after a transaction is agreed upon. the date the ...
From July 17 through July 19, Berkshire's brightest investment minds sold 33,890,927 shares of Bank of America stock, totaling $1.476 billion. ... BAC Price to Book Value data by YCharts.
As of this writing, Bank of America stock trades at a price-to-earnings ratio of 13.5. That's much more expensive than just six months ago, and it's higher than the trailing five-year average.
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 ...