History of bank of america book value per share

Bank of america stock has come roaring back from the brink, and over the past 12 months is up a whopping 65%, substantially outpacing both. Net out preferred equity if youre looking for book value per common share. Set in a former saloon, giannini initially began the bank as a way to provide loans to immigrants, middleclass americans, and farmers denied services by major financial institutions of the time period. Share with facebook, link will open in a new window. State bank of india sbi is the countrys largest bank. View realtime stock prices and stock quotes for a full financial overview. The book value of equity represents the equity of shareholders from a balance sheet perspective less the preferred stock. Hence, bank of america corporations priceto book ratio for the period was 1. Bank of america corporation bac stock historical prices. The pb ratio is favored by value investors for its.

The history of bank of america bank of america began in 1904 when italianamerican amadeo giannini founded the bank of italy in san francisco. Bank of america corporation common stock bac stock quotes. It is the second largest banking institution in the. Ycharts book value of equity is the equivalent of total assets less total liabilities and preferred equity. With the purchase of merrill lynch in 2008, bank of america became a major player in wealth management and investment banking. The company has grown its dividend for the last 6 consecutive years and is increasing its dividend by an average of 22. Aug 12, 2017 book value per common share is a measure used by owners of common shares in a firm to determine the level of safety associated with each share after all debts are paid accordingly. The current price to book ratio for bank of america as of may 01, 2020 is 0. Biography of a bank is a well written first chapter of a two chapter story. During the past 3 years, the average book value per share growth rate was 4.

Bank of america corporation bac valuation measures. The current price to book ratio for bank of america as of may 04, 2020 is 0. Top 2 websites for 10year historical stock data stockodo. Sitting on my desk in front of me, as i type this article, is an analyst report by morningstar for wachovia dated december 31st, 2007. Price to book ratio definition price to book value is a valuation ratio that is measured by stock price book value per share. Bank of america corporation is a bank holding company and a financial holding company. Find out all the key statistics for bank of america corporation bac, including valuation measures, fiscal year financial statistics, trading record, share statistics and more. The book value is essentially the tangible accounting value of a firm. This was a 2 for 1 split, meaning for each share of bac owned presplit, the shareholder now owned 2 shares. Heres how investors should value bank of americas stock.

Fed nominee shelton has said questionable, unconventional things. During the past 5 years, the average book value per share growth rate was 4. Book value per common share is a measure used by owners of common shares in a firm to determine the level of safety associated with each share after all debts are paid accordingly. Discover historical prices for bac stock on yahoo finance. Bank of americas book value per share for the quarter that ended in dec. Theres only one bank in bank of americas heritage that can lay claim to the discovery of a comet, the squelching of a huge fire, the hosting of a great american author and the rise of a fortune on nantucket island. Price to book value is a valuation ratio that is measured by stock price book value per share.

Value of client assets at bank of america 2019, by segment ad spend of selected credit card issuers in the u. The price to book value ratio is the most popular metric for assessing the value of bank stocks. View daily, weekly or monthly format back to when bank of america corporation stock was issued. From a naming perspective, the history of bank of america dates back to october 17, 1904, when amadeo pietro giannini founded the bank of italy in san francisco. This example is referred to as price to book value pb. Historical price to book ratio values for wells fargo wfc over the last 10 years. Undoubtably, decisions were made in more recent times that have damaged bac as its now known on the stock exchange. It issued the first bank credit card, bankamericard, in 1958. Share with twitter, link will open in a new window. Current and historical book value per share for bank of america bac from 2006 to 2020. The total assets of the bank of america amounted to approximately 2.

The current price to book ratio for wells fargo as of may 01, 2020 is 0. New york stock quote bank of america corp bloomberg. The split adjustment factor is a cumulative factor which encapsulates all splits since the date shown above. The book value is essentially the tangible accounting value of a firm compared to the market value that is shown.

Bank of america corporation bac book value per share zacks. During the past 12 months, bank of america s average book value per share growth rate was 8. The company can trace its history back to 1764 but was established as it is known today in 1998. Included in the upper table are key metrics such as historical eps, dividends, number of shares, book. Historical price lookup bank of america corporation. Book value per share can be defined as the amount of equity available to shareholders expressed on a per common share basis. The closing price, days high, days low, and days volume have been adjusted to account for any stock splits andor dividends which. Under the key ratios navigation tab, theres a wealth of information available, all presented in 10year historical format, along with the latest ttm data. Book value per share tells investors what a banks, or any stocks, book value is on a pershare basis. Find out all the key statistics for bank of america corporation bac, including valuation measures.

Wells fargo price to book ratio 20062020 wfc macrotrends. Jan 20, 2020 value of client assets at bank of america 2019, by segment ad spend of selected credit card issuers in the u. The book value per share may be used by some investors to determine the equity in a company relative to the market value of the company, which is the price of its stock. To arrive at this number, subtract liabilities from assets. For the year ending march 2019 axis bank has declared an equity dividend of 50. While bank of america and citigroup trade at less than threefourths of their book value, jpmorgans share price. The term book value is a companys assets minus its liabilities and is sometimes referred to as stockholders equity, owners equity, shareholders equity, or simply equity. Hence, bank of america corporations pricetobook ratio for the period was 1. The company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. Jun 25, 2019 the pricetobook pb ratio is an evaluation metric that is used to compare the current market price of a companys stock to its book value. Jan 04, 20 under the key ratios navigation tab, theres a wealth of information available, all presented in 10year historical format, along with the latest ttm data. Bank of america corporation common stock bac historical. For example, a share position presplit, became a 2000 share position following the split.

It compares the price of a banks stock to its book value per share and is calculated by dividing. How to figure the book value of bank stock pocketsense. The book value per share formula is used to calculate the per share value of a company based on its equity available to common shareholders. The wide range of pb ratios for these banks stands out in the table above. New york including stock price, stock chart, company news, key statistics, fundamentals and company profile. Tips analysts can compare the book value of the bank stock to the market value of the bank stock to determine if it is over. It eventually developed into the bank of america and was for a time owned by gianninis holding company, transamerica corporation.

How to find a companys book value per share over past 10. Bac stock price, news, historical charts, analyst ratings and financial information from wsj. Should the company decide to dissolve, the book value per common share indicates the dollar value remaining for common shareholders after all assets are. The bank of america corporation abbreviated as bofa is an american multinational investment bank and financial services company headquartered in charlotte, with central hubs in new york city, london, hong kong, dallas, and toronto.

Bac stock bank of america stock price today markets. Book value per share is a widely used stock evaluation measure. During the past 12 months, bank of americas average book value per share growth rate was 8. Included in the upper table are key metrics such as historical eps, dividends, number of shares, book value per share, free cash flow, margin data, etc.

Bank of americas stock price is largely affected by financial markets, as well as interest rates. Bank of america, with its emphasis on accumulating the deposits of the little guy was a bank for its time and place california in the 20th century. Find the latest price book value for bank of america corporation bac. Bank of america s book value per share for the quarter that ended in dec. View historical bac stock price data to see stock performance over time. Bank of america corporation bac book value per share. Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets. Bank of america bac book value per share actual data and historical chart was last updated on april of 2020 according to the latest annual and quarterly financial statements. Aug 25, 2014 the wide range of pb ratios for these banks stands out in the table above. Bank of america bac has 3 splits in our bank of america stock split history database.

Historical price to book ratio values for bank of america bac over the last 10 years. Founded in san francisco, bank of america was formed through nationsbanks acquisition of bankamerica in 1998. Both of these should be available historically via free online sources. Bank of america book value per share historical data. Find the latest book value per share for bank of america corporation bac. Axis bank share price, axis bank stock price, axis bank. The price to book ratio or pb is calculated as market capitalization divided by its book value. Bank of america corporation common stock bac stock. The current price to book ratio for wells fargo as of may 04, 2020 is 0. Tips analysts can compare the book value of the bank stock to the market value of the bank stock to determine if it is over or undervalued. The first split for bac took place on november 21, 1986. The first universal credit card, which could be used at a variety of establishments, had been. How to figure the book value of bank stock finance zacks.

Bacs next quarterly dividend payment will be made to shareholders of record on friday, june 26. It compares the price of a bank s stock to its book value per share and is calculated by dividing. A public sector undertaking psu, sbi is headquartered in mumbai. A look at the pricetobook ratios of the countrys largest banks.

Get the latest bank of america stock price and detailed information including bac news, historical charts and realtime prices. The pricetobook pb ratio is an evaluation metric that is used to compare the current market price of a companys stock to its book value. Lagos including stock price, stock chart, company news, key statistics, fundamentals and company profile. In depth view into bank of america book value per share including historical data from 1973, charts, stats and industry comps.