Bank of america tangible book value per share

Torontodominion bank tangible book value per share td. Bank of america corp price tangible book value chart for bac. Bank of americas tangible book value per share for the quarter that ended in dec. Operating leverage calculated as the year over year percentage change in revenue, net of interest expense, less the percentage change in noninterest expense. Why did bank of america change its focus to tangible book. During the past 12 months, bank of americas average book value per share growth rate was 8. The current price to book ratio for wells fargo as of april 15, 2020 is 0. Morgans by a wide margin, but it is also significantly higher than the estimates for citigroup and wells fargo. Book value per share can be defined as the amount of equity available to shareholders expressed on a per common share basis. What is the average price to book ratio for a bank. Using the pricetobook ratio to value bank stocks the. C, including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Bank of america corp price tangible book value for the quarter ending april 04, 2020 was 1. A tangible book value per share tbvps is a method of valuing a company on a per share basis by measuring its equity after removing any intangible assets.

Book value per share tells investors what a bank s, or any stocks, book value is on a per share basis. Citi is only major bank stock to trade below book value. Book value at citigroup, bank of america, jpmorgan, wells. Tangible book value per share is calculated as the total tangible equity divided by. Bank of america corporation bac book value per share. Price to book value is a valuation ratio that is measured by stock price book value per share. Bank of america, citigroup and jpmorgan chase to experience significant growth over a. Tangible book value is the value of the total net assets of a company not including any intangible assets. It is referred to by many as the company s liquidation value. Bank of americas book value per share for the quarter that ended in dec. A look at the price to book ratios of the countrys largest banks. Smaller regional banks are more likely than the big four of wells fargo, bank of america. Can citigroup book value outshine jpmorgan and wells fargo. And shares of jpmorgan chase and wells fargo are selling for meaningful premiums to their tangible books.

Bank of americas tangible book value per share for the quarter that ended in jun. Bank of america tangible book value per share bac ycharts. Book value per share is a widely used stock evaluation measure. How capital one increased its net worth by 2,200% in 20. Total tangible equity is calculated as the total stockholders equity minus preferred stock minus intangible assets. Bank of america is safer than ever, and is growing earnings per share at doubledigit rates. Learn what the average pricetobook pb ratio is in the banking industry and. Bank of america s tangible book value per share for the quarter that ended in dec. Find the latest book value per share for bank of america corporation bac. Bank of america s estimated return on tangible equity still trails j. Current and historical book value per share for bank of america bac from 2006 to 2019. In depth view into bank of america price to tangible book value including historical data from 1973, charts, stats and industry comps. Tbvps determines the potential value per share of a company in the event that it must liquidate its assets. Assets such as property and equipment are considered to be tangible assets.

How capital one increased its net worth by 2,200% in 20 years by earning a lot of money and retaining most of it, capital one has grown its tangible book value per share. Bank of america also trades below its tangible book value, but its discount is only 22%. Heres how investors should value bank of americas stock. The assets may be carried on the balance sheets at the original cost minus depreciation. Tangible book value tbv is calculated by subtracting intangible assets from the companys book value. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates. The book value is essentially the tangible accounting value of a firm compared to the market value that is shown. Bac book value per share explanation usually a companys book value and tangible book per share may not reflect its true value. How to figure the book value of bank stock finance zacks. Most of the banks have been generating low to midteen returns on tangible book. Yet at ten times earnings, bank of america shares are only pricing in. Historical price to book ratio values for bank of america bac over the last 10 years.

Book value per share tells investors what a banks, or any stocks, book value is on a pershare basis. Includes bank of america person to payments sent and received through e mail or mobile identification. Hence, bank of america corporations price to book ratio for the period was 1. Historical price to book ratio values for wells fargo wfc over the last 10 years. Why did bank of america change its focus to tangible book value. Tangible book value is a company s net assets minus goodwill and intangibles. Big difference in those values that you really wouldnt see just by looking at the price. Book value per share is one the easiest accounting formulas out there that can help us determine the value of a bank or financial firms equity. And while it might seem like the bac stock price almost by definition would be too cheap at 1x book, thats not how trading necessarily has played out. Bank of america corporation bac valuation measures. Before the third quarter of 2009, bank of america didnt report its tangible book value per share in its quarterly regulatory filings, which are meant to apprise investors of the bank s financial. Find out all the key statistics for bank of america corporation bac, including valuation.

Heres why citigroup is the cheapest big bank stock right. Price book value is a widely used stock evaluation measure. Tbv is frequently used to illustrate how much of a. Find the latest price book value for bank of america corporation bac bank of america corporation bac price book value. Hence, bank of america s price to tangible book ratio of today is 1. Will bank of america stock dip below book value now. Tangible book value per share is the per share value of a companys equity after removing any intangible assets. 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 individual share after all debts are paid accordingly. Book value of equity per share bvps is a ratio that divides common equity value by the number of common stock shares outstanding. We will walk through this formula and how to find the numbers to plug into the formula, and voila. Bank of new york mellon tangible book value per share bk.

In depth view into bank of america tangible book value per share including historical data from 1973, charts, stats and industry comps. Hence, bank of americas price to tangible book ratio of today is 1. 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. Wells fargo price to book ratio 20062019 wfc macrotrends. Tangible book value per share tbvps is the value of a companys tangible assets divided by its current outstanding shares. The calculation is sometimes done on a pershare basis. In depth view into torontodominion bank tangible book value per share including historical data from 1996, charts, stats and industry comps. Find out all the key statistics for citigroup, inc. To arrive at this number, subtract liabilities from assets. Book value less intangibles is called tangible book. During the past 3 years, the average book value per share growth rate was 4. In depth view into bank of new york mellon tangible book value per share including historical data from 1972, charts, stats and industry comps.