The shares trade for 0.6 times their reported March 31 tangible book value of $12.87, and for eight times the consensus 2013 earnings estimate of $1.01 a share, among analysts polled by Thomson Reuters. The consensus 2012 EPS estimate is 60 cents.
Guggenheim Securities analyst Marty Mosby last Tuesday reiterated his "Buy" rating for Bank of America, with an $11 price target, saying the company's "franchise value less incremental losses places BAC's inherent value between $11 and $17 a share," even "after absorbing close to $100 billion of losses from its
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts