Bank of america net tangible book value per share

Bank of america s tangible book value per share for the quarter that ended in dec. The pricetotangible book value ratio measures a companys market price in relation to its tangible book value. Tbvps determines the potential value per share of a company in the event that it must liquidate its assets. Hence, bank of america corporations pricetobook ratio for the period was 1. Bank of america corporation overview of responsible growth, corporate governance and. Bank of america corp price tangible book value for the quarter ending april 04, 2020 was 1. Usually a companys book value and tangible book per share may not reflect its true value. Historical price to book ratio values for bank of america bac over the last 10 years.

Tangible book has often been a floor under bank stocks. Bank of america corp price tangible book value chart for bac. 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. For the components of the calculation, see appendix a. The current price to book ratio for bank of america as of april 22, 2020 is 0. 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. Assets such as property and equipment are considered to be tangible assets. Bank of americas tangible book value per share for the quarter that ended in dec. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible. Bank dividends and book values to come under deep scrutiny. Will bank of america stock dip below book value now. Price to book value is a valuation ratio that is measured by stock price book value per share. Book value per share is also used in the return on equity formula, or roe formula, when calculating on a per share basis.

In depth view into bank of america tangible book value per share including historical data from 1973, charts, stats and industry comps. Bac released its thirdquarter earnings report before the markets opened on monday. It is referred to by many as the company s liquidation value. Find the latest book value per share for bank of america corporation bac.

A tangible asset is anything that has commercial or exchange value and has a. 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. Book value, tangible book value and dividends declared. A tangible asset is anything that has commercial or exchange value and has a physical form. 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. To arrive at this number, subtract liabilities from assets.

Bank of america earnings just good enough 247 wall st. 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. In depth view into bank of america book value per share explanation, calculation, historical data and more. Buying a stock below liquidation value can provide. 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. At a little over 1x book, bank of america stock would. Wells fargo price to book ratio 20062020 wfc macrotrends. 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. Tangible book value over time captures the companys use of capital, balance sheet and profitability. That will pressure bacs net interest margin, and thus the banks earnings. 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.

As of today 20200424, bank of americas share price is usd 21. The book value is essentially the tangible accounting value of a firm compared. How capital one increased its net worth by 2,200% in 20. Find out all the key statistics for bank of america corporation bac, including valuation. Heres how investors should value bank of americas stock. Hence, bank of americas price to tangible book ratio of today is 1. Bank of america reports fourthquarter 2014 net income of. Bank of america tangible book value per share bac ycharts. 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. 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 america corporation bac book value per share. Bac stock at 1x pricetobook seems like a deal but not everyone might. Bank of america reports thirdquarter 2011 net income of. Tangible book value per common share represents adjusted ending common shareholders equity divided by ending common shares outstanding. The trading economics application programming interface api provides direct access to our data. Tangible book value per share tbvps definition investopedia. It allows api clients to download millions of rows of historical data, to query our realtime economic. The priceto tangible book value ratio measures a companys market price in relation to its tangible book value.

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. The current price to book ratio for wells fargo as of april 23, 2020 is 0. Aug 30, 2019 will bank of america stock dip below book value now. The book value is essentially the tangible accounting value of a firm compared to the market value that is shown. Credit quality credit quality remains strong in the company.

As of today 20200424, bank of america s share price is usd 21. Tangible book value per share is the pershare value of a companys equity after removing any. Tangible book value is a company s net assets minus goodwill and intangibles. How to figure the book value of bank stock finance zacks. Includes bank of america person to payments sent and orreceived through e mail mobile identification. Book value per share is a widely used stock evaluation measure. Tangible book value per share tbvps investing answers. Bank of america corporation bac valuation measures. For a reconciliation of this measure to reported results, see.

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. Tangible book value per share is the per share value of a companys equity after removing any intangible assets. Tangible book value per share tbvps is the value of a companys tangible assets divided by its current outstanding shares. Book value, tangible book value and dividends declared history. Oct 20, 2018 hence, bank of america corporations priceto book ratio for the period was 1. How capital one increased its net worth by 2,200% in 20 years. Tangible common equity as a percentage of tangible assets was 8. Return on average tangible common shareholders equity3. Tangible book value per share tbvps equals a companys net tangible assets divided by its number of shares outstanding. Then divide that number by the number shares outstanding the bank has and there is the book value.