Book value per share tells investors what a banks, or any stocks, book value is on a pershare basis. Usually a companys book value and tangible book per share may not reflect its true value. Bank of america corp annualquarterly price tangible book value from. Discover benefits and features of bank of americas online banking and mobile banking app. View historical bac stock price data to see stock performance over time. Hence, bank of america corporations priceto book ratio for the period was 1. The current price to book ratio for bank of america as of october 21, 2019 is 1.
During the past years, the highest pb ratio of bank of america was 1. Theres only one bank in bank of america s heritage that can lay claim to the discovery of a comet, the squelching of a huge fire, the hosting of a great american author and the rise of a fortune on nantucket island. Set in a former saloon, giannini initially began the bank as a way to provide loans to immigrants, middleclass americans, and farmers denied services by major financial institutions of the time period. Earnings per share can be defined as a companys net earnings or losses attributable to common shareholders per diluted share base, which includes all convertible securities and debt, options and warrants. During the past 5 years, the average book value per share growth rate was 4. A brief history of bank of america in crisis the motley fool. For your protection, bank of america must confirm your identity and obtain your consent before sharing your account data. A great way to find undervalued companies is to look at the price to book ratio, anything under a one is considered undervalued in correlation to its equity. Find the latest book value per share for bank of america corporation bac. It has a old plane and old ship on back of bank book. Among other things, they generally found the bank of america core values to be less focused, clear, and direct. Bank of america corporation common stock bac stock.
The charter of the second bank of the united states b. Bank of america s book value per share for the quarter that ended in mar. View bac business summary and other industry information. Bank of america corp price tangible book value chart for bac. The stock is still expensive when valuing the company on its price to tangible book. Bank of america corporation bac book value per share. Total tangible equity is calculated as the total stockholders equity minus preferred stock minus intangible assets. Aug 28, 2019 the history of bank of america can be traced back to 1904, when it was known as bank of italy. Changed name to bank of america, national association. How to figure the book value of bank stock finance zacks. Biography of a bank is a well written first chapter of a two chapter story. Moira johnston traces the bank s rise to preeminence during the petrodollar era. As the nations lender of last resort, it is charged with managing the flow of credit in america, controlling inflation and seeking, not always successfully, to preempt economic slowdowns.
Bac stock quote for bank of america corporation msn. Current and historical book value per share for bank of america bac from 2006 to 2019. Oct 25, 2015 the core of this book is the story of the politics, disagreements, decisions and crises that culminated in the federal reserve act. 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 pb ratio is favored by value investors for its. In depth view into bank of america price to book value including historical data from 1973, charts, stats and industry comps. As a result, the merrill lynch principles gained some new life and were, for a time, still displayed on the firms website, though not very prominently. Bank of americas tangible book value per share for the quarter that ended in dec. Bank of america corporation bac latest earnings report. Oct 30, 2019 veteran merrill lynch employees objected strongly to this move. Find out all the key statistics for bank of america corporation bac, including valuation measures, fiscal year financial. The history of bank of america bank of america began in 1904 when italianamerican amadeo giannini founded the bank of italy in san francisco. At that time, the feature which distinguished the bank. Bank of america, with its emphasis on accumulating the deposits of the little guy was a bank for its time and place california in the 20th century.
During the past 3 years, the average book value per share growth rate was 4. Historical price lookup bank of america corporation. Despite bad news, bank of america stock still is a buy. Theres only one bank in bank of americas heritage that can lay claim to the discovery of a comet, the squelching of a huge fire, the hosting of a great american author and the rise of a fortune on nantucket island. Youre seeing this screen because you asked us to verify your identity at each signin. Dec 05, 2019 the history of bank of america bank of america began in 1904 when italianamerican amadeo giannini founded the bank of italy in san francisco. Bank of north america image from the bank of north america collection at the historical society of pennsylvania. Price to book is a favorite of value investors as it gives a good indication of the relation of the book value of the company about its price. Veteran merrill lynch employees objected strongly to this move. Bank of america corporation bac valuation measures. The bac stock price hasnt stayed below book value in almost two years. The pricetobook pb ratio is an evaluation metric that is used to compare the current market price of a companys stock to its book value.
May 08, 2020 in depth view into bank of america price to book value including historical data from 1973, charts, stats and industry comps. Price book value is a widely used stock evaluation measure. The history of bank of america can be traced back to 1904, when it was known as bank of italy. Bank of america corporation bac earnings report seeking alpha. Bank of america corporation bac book value per share zacks.
Moira johnston traces the banks rise to preeminence during the petrodollar era. Oct 16, 2018 tracing bank of america s history through the three biggest banking crises of the past century. January february march april may june july august september october november december. Date, stock price, book value per share, price to book ratio. In 1928, it was acquired by bank of italy of san francisco, which took the bank of america name two years later the eastern portion of the bank of america franchise can be traced to 1784, when massachusetts bank was charteredthe first iteration of fleetboston, which bank of america. Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets. Book value per share is a widely used stock evaluation measure. Bac stock bank of america stock price today markets. Bac stock quote for bank of america corporation msn money. During the past 12 months, bank of america s average book value per share growth rate was 8. Also, get notified immediately when you have a new deposit through the value load alert. The closing price, days high, days low, and days volume have been adjusted to account for any stock splits andor dividends which may have.
Bank of america annual and quarterly earnings per share history from 2006 to 2020. For your protection, youll need to complete an additional security step. Bank of america s stock is a bit more of an expensive buy than citigroup, trading at 12 times earnings and about 1. Bank stocks could surge in economic recovery, bank of america strategist says cnbc 4302020 us weekly jobless claims hit 3. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Bank of americas stock was trading at less than a third of its book value in late 2011 due to rising fears about the quality of the banks loan portfolio, as well as a spurt of highprofile. Historical price to book ratio values for bank of america bac over the last 10 years. From a naming perspective, the history of bank of america dates back to october 17, 1904, when amadeo pietro giannini founded the bank of italy in san francisco. The current price to book ratio for bank of america as of may 08, 2020 is 0. Bank of america corporation common stock bac historical. Bank of americas stock is a bit more of an expensive buy than citigroup, trading at 12 times earnings and about 1. This is a very neat advertising bank book that says deseret federal savings associan salt lake city. Cardholder frequently asked questions bank of america. Bank of america bac book value per share actual data and historical chart was last updated on may of 2020 according to the latest annual and quarterly financial statements.
Partisan politics came heavily into play in the debate over the. If youre enrolled in this security feature, we sent a notification to your registered device. Bank of americas mortgage business some of which is. This may underestimate the true economic values of the assets. Aug 12, 2017 price to book is a favorite of value investors as it gives a good indication of the relation of the book value of the company about its price. In warburgs view, america needed a stabilizing, europeanlike central bank. The core of this book is the story of the politics, disagreements, decisions and crises that culminated in the federal reserve act. Bank of america price to book ratio 20062020 bac macrotrends. Verify your identity in the app now to sign in to online banking. At that time, the feature which distinguished the bank of italy from other american banks was that it.
Bank of america is the marketing name for the global banking and global markets business of bank of america corporation. The tumultuous history of the bank of america is the riveting story of the rise of the bank of america under a. Through a series of mergers it rose to be the worlds largest bank. To arrive at this number, subtract liabilities from assets. Will bank of america stock dip below book value now. Its book value per share for the quarter that ended in jun. Americas bank, by roger lowenstein the new york times. Rothbard in a history of money and banking in the united states. Its role as the depository of the federal governments revenues made it a political target of banks chartered by the individual states who objectedenvied the b. Hence, bank of america corporations pricetobook ratio for the period was 1. Tangible book value per share is calculated as the total tangible equity divided by.
Also says book of thirft safty of your investment to 5000 dollars. Dec 20, 2000 the tumultuous history of the bank of america is the riveting story of the rise of the bank of america under a. In depth view into bank of america book value per share explanation, calculation, historical data and more. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of bank of america corporation, including bank. Bank of america corporation bac stock historical prices. Bank of america stock trades at less than 10x 2019 eps estimates. Discover historical prices for bac stock on yahoo finance. For equities, we provide price history, fundamentals, estimates, news, and snapshots.
Find the latest price book value for bank of america corporation bac. Book value per share can be defined as the amount of equity available to shareholders expressed on a per common share basis. His paper on the subject became the catalyst for a 10year ideological struggle that resulted in the landmark federal reserve act in 19. View daily, weekly or monthly format back to when bank of america corporation stock was issued. Jun 25, 2019 the pricetobook pb ratio is an evaluation metric that is used to compare the current market price of a companys stock to its book value. Bank of americas book value per share for the quarter that ended in mar. Bank of america eps earnings per share 20062020 bac. Power certified bank of america with an outstanding mobile experience for ease of navigation, information availability and clarity. Bank of america corporation common stock bac stock quotes. Americas federal reserve system is the bulwark of the u.
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