Bank of America
Shares of Bank of America have returned 3% this year. The shares returned 110% in 2012, which was only a partial recovery from an epic 58% decline during 2011. Putting the three periods together, the shares are down 10% since the end of 2010. Bank of America's stock trades for 0.9 times tangible book value, and for 9.2 times the consensus 2014 earnings estimate of $1.29 a share, among analysts polled by Thomson Reuters. The consensus 2013 EPS estimate is $1.00. Despite relatively weak 2012 earnings of $4.188 billion, or $0.25 a share, Bank of America managed to increase its Basel I Tier 1 common equity ratio to 11.06% as of Dec. 31, from 9.86% a year earlier. The company also estimated a Basel III Tier 1 common equity ratio of 9.25% as of Dec. 31, putting it in compliance with the Federal Reserve's proposed capital rules, six years ahead of the January 2019 deadline.