Valuation and Expected ReturnsMutascio rates Bank of America "market perform," with a price target of $15.00. Bank of America's shares closed at $14.57 Friday and traded for 10.6 times the consensus 2014 earnings estimate of $1.38. Among the "big four" U.S. banks, only Wells Fargo trades at a similar valuation, with shares closing Friday at $42.76, or 10.6 times the consensus 2014 EPS estimate of $4.02. Citigroup's shares closed Friday at $49.83 Friday and traded for 8.9 times the consensus 2014 EPS estimate of $5.57. JPMorgan was cheapest among the group, with shares closing Friday at $52.32, or 8.6 times the consensus 2014 EPS estimate of $6.11.
Interested in more on Bank of America? See TheStreet Ratings' report card for this stock. -- Written by Philip van Doorn in Jupiter, Fla. >Contact by Email. Follow @PhilipvanDoorn