Professional
Added to YB: 2024-02-23
Pitch date: 2024-02-21
BAC [bullish]
Bank of America Corporation
+73.96%
current return
Author Info
No bio for this author
Company Info
Bank of America Corporation, through its subsidiaries, provides various financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide.
Market Cap
$384.2B
Pitch Price
$31.81
Price Target
N/A
Dividend
2.13%
EV/EBITDA
N/A
P/E
14.37
EV/Sales
N/A
Sector
Banks
Category
value
GoodHaven Fund Portfolio Holding - Bank of America Corporation
BAC stake increased: 8x P/E, 0.9x book, 3.5% yield, 11% ROE. 40% earnings from IB & WM (Merrill). Long bond bets questionable but stable deposits, strict lending, strong non-bank ops. Stock halved to 2017 levels; rising rates may help. Good risk/reward.
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