It allows api clients to download millions of rows of historical data, to query our realtime economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Bank of america earnings just good enough 247 wall st. Oct 20, 2018 hence, bank of america corporations priceto book ratio for the period was 1. Bank of america corporation overview of responsible growth, corporate governance and. The pricetotangible book value ratio measures a companys market price in relation to its tangible book value. Tangible common equity as a percentage of tangible assets was 8. Tangible book value per share is the per share value of a companys equity after removing any intangible assets. Bac stock at 1x pricetobook seems like a deal but not everyone might. At a little over 1x book, bank of america stock would. Tangible book value per share tbvps investing answers. Hence, bank of americas price to tangible book ratio of today is 1.
Historical price to book ratio values for wells fargo wfc over the last 10 years. A tangible asset is anything that has commercial or exchange value and has a. Tangible book value per share tbvps equals a companys net tangible assets divided by its number of shares outstanding. In depth view into bank of america book value per share explanation, calculation, historical data and more. As of today 20200424, bank of americas share price is usd 21. Tangible book value per share is the pershare value of a companys equity after removing any intangible assets.
As of today 20200424, bank of america s share price is usd 21. Bank dividends and book values to come under deep scrutiny. For a reconciliation of this measure to reported results, see. A tangible asset is anything that has commercial or exchange value and has a physical form. Bank of america corp price tangible book value chart for bac. Book value, tangible book value and dividends declared history. Credit quality credit quality remains strong in the company. Hence, bank of america s price to tangible book ratio of today is 1. Book value per share tells investors what a banks, or any stocks, book value is on a pershare basis. A month has gone by since the last earnings report for bank of america bac. The ratio denotes how much investors are paying for each dollar of physical assets. Then divide that number by the number shares outstanding the bank has and there is the book value. Consumers national bank is another wellrun bank where you can buy shares at book value, 10x earnings, or both, and reasonably anticipate doubling your money in three or four years.
Bank of america tangible book value per share bac ycharts. Historical price to book ratio values for bank of america bac over the last 10 years. Tangible book value per share tbvps is the value of a companys tangible assets divided by its current outstanding shares. Find the latest book value per share for bank of america corporation bac. Bank of america reports fourthquarter 2014 net income of. 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. Bank of americas tangible book value per share for the quarter that ended in dec. The current price to book ratio for wells fargo as of april 23, 2020 is 0. Tangible book has often been a floor under bank stocks.
Bank of america corp price tangible book value for the quarter ending april 04, 2020 was 1. Assets such as property and equipment are considered to be tangible assets. 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. For the components of the calculation, see appendix a. Bac released its thirdquarter earnings report before the markets opened on monday. Tangible book value over time captures the companys use of capital, balance sheet and profitability. Tangible book value is the value of the total net assets of a company not including any intangible assets. Jun 23, 2011 tangible book value is a company s net assets minus goodwill and intangibles. Usually a companys book value and tangible book per share may not reflect its true value. Bank of america corporation bac valuation measures. Why did bank of america change its focus to tangible book value.
The priceto tangible book value ratio measures a companys market price in relation to its tangible book value. That will pressure bacs net interest margin, and thus the banks earnings. The trading economics application programming interface api provides direct access to our data. Hence, bank of america corporations pricetobook ratio for the period was 1. Will bank of america stock dip below book value now. 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.
To arrive at this number, subtract liabilities from assets. Bank of america s tangible book value per share for the quarter that ended in dec. Heres how investors should value bank of americas stock. Tbvps determines the potential value per share of a company in the event that it must liquidate its assets. It allows api clients to download millions of rows of historical data, to query our realtime economic. Tangible book value is a company s net assets minus goodwill and intangibles. Tangible book value per common share represents adjusted ending common shareholders equity divided by ending common shares outstanding. How capital one increased its net worth by 2,200% in 20 years. A tangible book value per share tbvps is a method of valuing a company on a pershare basis by measuring its equity after removing any intangible assets. Price to book value is a valuation ratio that is measured by stock price book value per share.
Tangible book value per share tbvps definition investopedia. In depth view into bank of america tangible book value per share including historical data from 1973, charts, stats and industry comps. 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 by more than any other big. It is referred to by many as the company s liquidation value. The book value is essentially the tangible accounting value of a firm compared. Aug 30, 2019 will bank of america stock dip below book value now.
Book value per share is a widely used stock evaluation measure. Wells fargo price to book ratio 20062020 wfc macrotrends. The current price to book ratio for bank of america as of april 22, 2020 is 0. Buying a stock below liquidation value can provide. Book value per share is also used in the return on equity formula, or roe formula, when calculating on a per share basis. Find out all the key statistics for bank of america corporation bac, including valuation. Book value, tangible book value and dividends declared. Includes bank of america person to payments sent and orreceived through e mail mobile identification. Bank of america corporation bac book value per share. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible. How capital one increased its net worth by 2,200% in 20. Net tangible assets are calculated as the total assets of a company, minus any intangible assets, all liabilities and the par value of preferred stock.