Through a series of mergers it rose to be the worlds largest bank. Bank of america corporation bac stock historical prices. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Dec 05, 2019 the history of bank of america bank of america began in 1904 when italianamerican amadeo giannini founded the bank of italy in san francisco. Find out all the key statistics for bank of america corporation bac, including valuation measures, fiscal year financial. Its role as the depository of the federal governments revenues made it a political target of banks chartered by the individual states who objectedenvied the b. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of bank of america corporation, including bank of america, n. January february march april may june july august september october november december. Changed name to bank of america, national association. Bank of america price to book ratio 20062020 bac macrotrends.
Oct 30, 2019 veteran merrill lynch employees objected strongly to this move. Will bank of america stock dip below book value now. Bank of america corporation bac book value per share zacks. In depth view into bank of america price to book value including historical data from 1973, charts, stats and industry comps. It has a old plane and old ship on back of bank book.
Bac stock quote for bank of america corporation msn money. Aug 12, 2017 price to book is a favorite of value investors as it gives a good indication of the relation of the book value of the company about its price. Youre seeing this screen because you asked us to verify your identity at each signin. Dec 20, 2000 the tumultuous history of the bank of america is the riveting story of the rise of the bank of america under a. Veteran merrill lynch employees objected strongly to this move. Bac stock bank of america stock price today markets.
How to figure the book value of bank stock finance zacks. Discover historical prices for bac stock on yahoo finance. Hence, bank of america corporations pricetobook ratio for the period was 1. Bank of americas stock is a bit more of an expensive buy than citigroup, trading at 12 times earnings and about 1. To arrive at this number, subtract liabilities from assets.
The assets may be carried on the balance sheets at the original cost minus depreciation. Americas bank, by roger lowenstein the new york times. The pb ratio is favored by value investors for its. During the past 12 months, bank of america s average book value per share growth rate was 8. His paper on the subject became the catalyst for a 10year ideological struggle that resulted in the landmark federal reserve act in 19.
This may underestimate the true economic values of the assets. 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. The stock is still expensive when valuing the company on its price to tangible book. Book value per share can be defined as the amount of equity available to shareholders expressed on a per common share basis. You may also call tollfree bank of america edd debit card customer service at 1. The closing price, days high, days low, and days volume have been adjusted to account for any stock splits andor dividends which may have. Bank of america s stock is a bit more of an expensive buy than citigroup, trading at 12 times earnings and about 1. The history of bank of america can be traced back to 1904, when it was known as bank of italy. Bank of america corporation common stock bac stock quotes. Bank of americas book value per share for the quarter that ended in mar. Book value per share is a widely used stock evaluation measure. Bank of america corp annualquarterly price tangible book value from. May 08, 2020 in depth view into bank of america price to book value including historical data from 1973, charts, stats and industry comps.
Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of bank of america corporation, including bank. Its book value per share for the quarter that ended in jun. View historical bac stock price data to see stock performance over time. A brief history of bank of america in crisis the motley fool.
Verify your identity in the app now to sign in to online banking. Rothbard in a history of money and banking in the united states. During the past 5 years, the average book value per share growth rate was 4. Bank of americas mortgage business some of which is. Acquired bank of america trust company of florida, national association 23691 in boca raton, fl. 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. The core of this book is the story of the politics, disagreements, decisions and crises that culminated in the federal reserve act. Bank of america eps earnings per share 20062020 bac.
View daily, weekly or monthly format back to when bank of america corporation stock was issued. For equities, we provide price history, fundamentals, estimates, news, and snapshots. In 1928, it was acquired by bank of italy of san francisco, which took the bank of america name two years later the eastern portion of the bank of america franchise can be traced to 1784, when massachusetts bank was charteredthe first iteration of fleetboston, which bank of america. Bank of america corporation bac valuation measures. Moira johnston traces the banks rise to preeminence during the petrodollar era. Also says book of thirft safty of your investment to 5000 dollars. In warburgs view, america needed a stabilizing, europeanlike central bank.
It also says bankers utilities co san fracisco 1923. Price to book is a favorite of value investors as it gives a good indication of the relation of the book value of the company about its price. Bank of america s book value per share for the quarter that ended in mar. Cardholder frequently asked questions bank of america. Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets. The charter of the second bank of the united states b. Total tangible equity is calculated as the total stockholders equity minus preferred stock minus intangible assets. View bac business summary and other industry information. Bank of americas tangible book value per share for the quarter that ended in dec. The current price to book ratio for bank of america as of may 08, 2020 is 0.
Find the latest price book value for bank of america corporation bac. This is a very neat advertising bank book that says deseret federal savings associan salt lake city. Current and historical book value per share for bank of america bac from 2006 to 2019. Theres only one bank in bank of america s 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. If youre enrolled in this security feature, we sent a notification to your registered device. Aug 28, 2019 the history of bank of america can be traced back to 1904, when it was known as bank of italy. As the nations lender of last resort, it is charged with managing the flow of credit in america, controlling inflation and seeking, not always successfully, to preempt economic slowdowns. Oct 25, 2015 the core of this book is the story of the politics, disagreements, decisions and crises that culminated in the federal reserve act.
At that time, the feature which distinguished the bank of italy from other american banks was that it. Bank of america bac book value per share actual data and historical chart was last updated on may of 2020 according to the latest annual and quarterly financial statements. Historical price lookup bank of america corporation. Discover benefits and features of bank of americas online banking and mobile banking app.
The current price to book ratio for bank of america as of october 21, 2019 is 1. Bank of america annual and quarterly earnings per share history from 2006 to 2020. Bank of america corp price tangible book value chart for bac. Price book value is a widely used stock evaluation measure. Tangible book value per share is calculated as the total tangible equity divided by. Bac stock quote for bank of america corporation msn.
As a result, the merrill lynch principles gained some new life and were, for a time, still displayed on the firms website, though not very prominently. Find the latest book value per share for bank of america corporation bac. Oct 16, 2018 tracing bank of america s history through the three biggest banking crises of the past century. Earnings per share can be defined as a companys net earnings or losses attributable to common shareholders per diluted share base, which includes all convertible securities and debt, options and warrants. Power certified bank of america with an outstanding mobile experience for ease of navigation, information availability and clarity. Date, stock price, book value per share, price to book ratio. At that time, the feature which distinguished the bank. 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.
Americas federal reserve system is the bulwark of the u. Bank of america corporation bac latest earnings report. For your protection, youll need to complete an additional security step. Bank of america corporation common stock bac stock. The tumultuous history of the bank of america is the riveting story of the rise of the bank of america under a. Bank stocks could surge in economic recovery, bank of america strategist says cnbc 4302020 us weekly jobless claims hit 3. Usually a companys book value and tangible book per share may not reflect its true value. Despite bad news, bank of america stock still is a buy. Discover benefits and features of bank of america s online banking and mobile banking app.
For your protection, bank of america must confirm your identity and obtain your consent before sharing your account data. Among other things, they generally found the bank of america core values to be less focused, clear, and direct. 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. Moira johnston traces the bank s rise to preeminence during the petrodollar era. Bank of america corporation common stock bac historical. Bank of america corporation bac earnings report seeking alpha. Bank of america is the marketing name for the global banking and global markets business of bank of america corporation.
Bank of north america image from the bank of north america collection at the historical society of pennsylvania. In depth view into bank of america book value per share explanation, calculation, historical data and more. Book value per share tells investors what a banks, or any stocks, book value is on a pershare basis. A great way to find undervalued companies is to look at the price to book ratio, anything under a one is considered undervalued in correlation to its equity. Bank of americas stock was trading at less than a third of its book value in late 2011 due to rising fears about the quality of the banks loan portfolio, as well as a spurt of highprofile. 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. 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. Bank of america stock trades at less than 10x 2019 eps estimates. Biography of a bank is a well written first chapter of a two chapter story. Also, get notified immediately when you have a new deposit through the value load alert.
Historical price to book ratio values for bank of america bac over the last 10 years. The bac stock price hasnt stayed below book value in almost two years. The history of bank of america bank of america began in 1904 when italianamerican amadeo giannini founded the bank of italy in san francisco. During the past years, the highest pb ratio of bank of america was 1. Undoubtably, decisions were made in more recent times that have damaged bac as its now known on the stock exchange.
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