Bank of America BAC and PNC Financial Services PNC are two prominent U.S. banks with broad national reach. BAC leverages its ...

(Reuters) - Bank of America is set to award stock to most of its global employees for the eighth time since 2017, following a robust performance by the second-largest U.S. lender in 2024 ...

Bank of America stock is currently trading at a 12-month trailing price-to-tangible book (P/TB) of 1.64X, which is below the industry’s 2.61X. This shows the stock is inexpensive.

The stock performance of Bank of America has been outstanding. Over the past year, the stock has gained 41.4% on a total return, outperforming by 14.5% its natural benchmark, the S&P Bank (KBE).

Bank of America stock has had an average P/E of 12.61 in the last five years. It had a low P/E of 6.6 on March 23, 2020, and a high P/E of 20.85 on March 30, 2021.

Interestingly, Bank of America BAC -0.2% stock had a Sharpe Ratio of 0.2 since early 2017, which is lower than 0.6 for the S&P 500 Index over the same period. This compares with the Sharpe of 1.3 ...

While some regional banks’ stocks have tumbled following economic headwinds set off by the two recent bank failures, the fate of Bank of America Corp.’s stock has also been in question.

Bank of America upgrades Goldman Sachs on relative performance to other banks, but cuts earnings view By Steve Gelsi Published: June 29, 2022, 10:29 a.m. ET Resize ...

And while its stock price fell, Bank of America actually had a really strong first quarter, as revenue was up 13% to $26.3 billion, buoyed by a 25% year-over-year increase in net interest income ...

Bank of America has come a long way since its humble beginnings. It has grown from a single branch to over 3,800 financial centers and 16,000 ATMs. It serves over 67 million customers with 56 ...