NEW YORK ( TheStreet) -- The following stocks have had the best performance in the Dow Jones Industrial Average so far in 2012: Bank of America ( BAC), JPMorgan Chase ( JPM), Microsoft ( MSFT), American Express ( AXP) and Home Depot ( HD). The Dow has gained 8.57% year to date to 13,264.49.
Bank of America shares have risen 74.1% year to date to $9.68. 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 9.15 times; the average for its peers is 9.07. For comparison, Citigroup ( C) has a lower forward P/E of 7.95; Wells Fargo's ( WFC) forward P/E is 9.52. Twenty-five of the 39 analysts who cover Bank of America rated it hold. Ten analysts rated the stock buy and four gave the stock a sell rating. TheStreet Ratings gives Bank of America a C- grade and hold rating.