% | $
Quotes you view appear here for quick access.

Bank of America Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • davesmith49 Mar 14, 2012 5:45 PM Flag

    what does discount to book value mean

    It means the market values BAC less than what it is actually worth on paper, much less in BACs case. Typically companies repurchase their stock under this scenario, but the banks have had their hands tied for awhile. No more for BAC. The stock price pretty much has to move higher now under the threat of a stock buyback. No one wants to be short BAC right now.

15.79+0.26(+1.67%)Aug 26 4:00 PMEDT