This Isn’t 2008: Bank Of America Trades At 10x Earnings


  • The economy is crumbling – right?
  • Bank of America is benefitting from rising interest rates, yet delinquencies and loss rates remain below pre-pandemic levels.
  • The company has essentially reached its target CET1 ratio, giving it flexibility to more aggressively buy back shares.
  • With the stock trading at around 10x earnings, shares are offering compelling value as one waits for multiple expansion.

The Prince Of Wales Attends The Inaugural Terra Carta Seal Awards

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If the market is struggling, then Bank of America (NYSE:BAC) isn’t showing weakness. That is surprising considering that this is a stock still trading at conservative valuations, even with the balance sheet as strong as ever. BAC has

Data by YCharts


2022 Q3 Presentation


2022 Q3 Presentation

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2022 Q3 Presentation

balance sheet

2022 Q3 Presentation


2022 Q3 Presentation

consensus estimates

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Disclosure: I/we have a beneficial long position in the shares of BAC, JPM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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