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Is Bank of America an Attractive Pick Right Now?

Andrew Brunton
Is Bank of America an Attractive Pick Right Now?

The majority of the US bank stocks have tumbled in the year-to-date (or YTD) period. Bank of America has improved its operating margins through lower administrative spending and higher efficiency backed by technology investments. The PBV (price-to-book) value ratio is considered the best multiple for valuing stocks that have a significant amount of liquid tangible assets on their books such as insurance, finance, and banking companies.