Added to YB: 2024-01-25
Pitch date: 2024-01-25
BAC [bullish]
Bank of America Corporation
+73.21%
current return
Author Info
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Company Info
Bank of America Corporation, through its subsidiaries, provides various financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide.
Market Cap
$384.2B
Pitch Price
$31.83
Price Target
N/A
Dividend
2.13%
EV/EBITDA
N/A
P/E
14.37
EV/Sales
N/A
Sector
Banks
Category
value
Show full summary:
Librarian Capital portfolio: Bank of America ($BAC)
BAC Q4: 11.7% ROTCE ex-items, 15% 2023 ROTCE on expanded Basel III capital. Deposits stabilizing, NII to grow H2 2024. At 1.3x P/TBV, 13.5% normalized ROTCE implies ~10x P/E with re-rating potential.
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