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Is Bank of America (BAC) Still Attractive After Its Strong Multi Year Share Price Run?

Is Bank of America (BAC) Still Attractive After Its Strong Multi Year Share Price Run?

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  • If you are wondering whether Bank of America at around US$52.48 is still reasonably priced or already stretched, the starting point is to understand what the current share price implies about its value.

  • The stock has inched up around 0.5% over the past week, while the return over the past month is down 1.4%, set against a 20.2% return over 1 year, 92.5% over 3 years and 37.6% over 5 years. This raises questions about how much of the story is already in the price.

  • Recent coverage has focused on how large U.S. banks like Bank of America are positioned as interest rate expectations shift and…

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