Shares of the nation's second largest bank by total assets closed at $13.34 Tuesday, returning 15% this year, after more than doubling during 2012. Of course, last year's performance followed an epic 58% drop during 2011, so the volatility has led to a 1% return since the end of 2010.
Not so good for long-term investors, but quite a bit of fun for day traders.
Bank of America's shares now trade for 10.3 times the consensus 2014 EPS estimate of $1.29, among analyst polled by Thomson Reuters. Here's how that compares to the other five "megabanks," to use the term lovingly adopted by Senators Sherrod Brown (D., Ohio) and David Vitter (R., La):
- Shares of JPMorgan Chase (JPM) closed at $50.23 Tuesday, trading for 8.5 times the consensus 2014 EPS estimate of $5.94.
- Citigroup (C) closed at $50.09 Tuesday, trading for 9.4 times the consensus 2014 EPS estimate of $5.32.
- Morgan Stanley (MS) closed at $24.37, trading for 9.6 times the consensus 2014 EPS estimate of $2.54.
- Goldman Sachs (GS) closed at 154.52, trading for 10.1 times the consensus 2014 EPS estimate of $15.27.
- Wells Fargo (WFC) closed at $38.76, trading for 10.2 times the consensus 2014 EPS estimate of $3.81.
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