NEW YORK (TheStreet) -- The following stocks were the biggest laggards in the Dow Jones Industrial Average during April: Bank of America (BAC), JPMorgan Chase (JPM), Procter & Gamble (PG), Cisco (CSCO) and Wal-Mart (WMT).
The Dow ticked up 1.59 points, or 0.01%, in April.
Bank of America
Shares of Bank of America fell 15.26% in April to close the month at $8.11.The bank reported on April 19 first-quarter earnings of 3 cents a share on $22.5 billion in revenue. On a valuation-adjusted basis, earnings were 28 cents a share, beating analysts' estimates of 12 cents a share on $22.51 billion in revenue. Bank of America trades at an estimated price-to-earnings ratio for next year of 7.63 times; the average for its peers is 8.23. For comparison, Citigroup (C) has a lower forward P/E of 7.04. Twenty-four of the 39 analysts who cover Bank of America rated it hold. Eleven analysts gave the stock a buy rating and four rated it sell. The stock has risen 49.46% year to date.
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