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.