BAC Intrinsic Value Calculator – Bank of America Forecasts Double-Digit Upside for 2 Stocks Amid S&P 500’s 14% Dip from All-Time High
May 20, 2023
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Bank ($NYSE:BAC) of America has released a forecast that suggests two stocks could potentially rise by double digits in the upcoming year, in spite of the current 14% dip in the S&P 500 from its all-time high of 4793 in late 2021. Bank of America has given their reasons, citing the potential for growth in the industries in which these stocks are involved, as well as other factors. Bank of America is an American multinational investment bank and financial services company with headquarters in Charlotte, North Carolina. It is the second-largest bank holding company in the United States, after JPMorgan Chase. Bank of America is a global leader in investment banking, wealth management, corporate banking, and consumer banking, and provides a range of services from mortgages to credit cards and investment advice.
Analysis – BAC Intrinsic Value Calculator
At GoodWhale, we conducted an analysis of Bank of America‘s wellbeing. Our proprietary Valuation Line concluded that the fair value of Bank of America shares is approximately $37.4. Currently, the Bank of America stock is being traded at $27.6, which means that the market is undervaluing the stock by 26.2%. This presents an excellent opportunity for investors to buy into the Bank of America stock at a discounted price. With this in mind, investors may want to consider investing in Bank of America stock while prices remain low. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BAC. More…
| Total Revenues | Net Income | Net Margin |
| – | 27.07k | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BAC. More…
| Operations | Investing | Financing |
| -6.33k | -2.53k | -106.04k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BAC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.19M | 2.91M | – |
Key Ratios Snapshot
Some of the financial key ratios for BAC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.3% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Peers
Bank of America Corp is one of the largest banks in the United States with over 5,000 branches. Its competitors are large banks such as Bank of Montreal, Citigroup Inc, and Bank of Nova Scotia. These banks offer similar products and services such as personal and business banking, loans, and investment products.
– Bank of Montreal ($TSX:BMO)
The Bank of Montreal has a market capitalization of 83.11 billion as of 2022. The company is a leading financial institution in Canada with over 200 years of experience. It offers a wide range of banking and financial services to retail, commercial and institutional clients. The Bank of Montreal has a strong presence in North America and is one of the largest banks in Canada.
– Citigroup Inc ($NYSE:C)
Citigroup Inc is an American multinational investment bank and financial services corporation with a market cap of $85.51 billion as of 2022. The company has over 200 million customer accounts and does business in more than 160 countries. It is one of the Big Four banks in the United States, along with JPMorgan Chase, Bank of America, and Wells Fargo. Citigroup was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. The company has its headquarters in New York City.
– Bank of Nova Scotia ($TSX:BNS)
Bank of Nova Scotia has a market cap of 79.27B as of 2022. The company operates as a financial institution providing banking and financial products and services to individuals, businesses, and governments. It offers deposit products, loans, credit products, foreign exchange, and wealth management services. The company serves customers through a network of branches and offices located in Canada, the United States, and other countries.
Summary
Bank of America has identified two stocks with double-digit upside potential. According to their analysis, the stocks could rise due to the current market situation that has seen the S&P 500 index 14% below its all-time high. Bank of America believes that investor sentiment is shifting and that these stocks can reap the rewards of invested capital.
They suggest that in the current market conditions, investors should focus on stocks with potential growth opportunities and moderate risk. Bank of America encourages investors to conduct thorough research before investing and to consider potential risks.
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