The Dow's Top 5 Performers in March

NEW YORK (TheStreet) -- Bank of America (BAC), JPMorgan Chase (JPM), American Express (AXP), Cisco (CSCO) and Coca-Cola (KO) were the top five best performers in the Dow Jones Industrial Average in March.

The Dow gained 1.79%, or 231.74 points, in March to 13,212.04.

Bank of America was the top gainer with a 17.86% increase in March to $9.57. According to the Federal Reserve's stress test results, Bank of America's estimated Tier 1 common equity ratio under the adverse economic scenario would be 5.7%, increasing to an estimated 5.9% at the end of 2013.

Bank of America has an estimated price-to-earnings ratio for next year of 9.05 times; the average among its peers is 9.03. For comparison, JPMorgan has a lower forward P/E of 8.32 times and Wells Fargo's (WFC) forward P/E is 9.42..

Twenty-five of the 39 analysts who cover Bank of America rated it hold. Ten analysts gave the stock a buy rating and four rated it sell.

TheStreet Ratings gives Bank of America a C- grade and hold rating.

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