If you are wondering whether Bank of America shares still offer value at current levels, the starting point is understanding what the recent price action and fundamentals are actually implying.
The stock last closed at US$55.38, with returns of 6.9% over the past 7 days, a 2.7% decline over 30 days, a 1.0% decline year to date, and gains of 20.3%, 64.1% and 89.5% over the past 1, 3 and 5 years respectively.
Recent coverage of large US banks has focused on how investors are reassessing financials in light of interest rate expectations and credit conditions. For Bank of America, this context helps explain why shorter term pullbacks can sit alongside stronger multi year returns as the market constantly reassesses risk and reward.
