BAC (BANK OF AMERICA) P/E: 15.3 GAAP DILUTED EPS Y-O-Y GROWTH LAST QUARTER: $.19 SECTOR: FINANCE ASSETS-LIABILITIES: 1.7 DIVIDEND: 1.19% The largest bank in the US based on deposits, Bank of America lost .29% of its market share in 2016. With the financial sector performing well recently, Bank of America has risen $12.7 per share since 6/2016 and $8.7 per share since 11/2016. With a relatively low P/E of 16.9, the stock may continue to rise, fueled by its recent growth in revenue and profits. Despite losing .29% of its market share in 2016, Bank of America posted a year-over-year income increase of 14.5% on a 2% revenue gain in the last quarter. Income derived from global market business increased 284%, driven by a strong step forward in revenue and supplemented by a substantial decrease in costs. Real estate, and banking profits increased, as well, and the company reduced its losses from other sectors. With a 1.19% dividend growth, an investor can expe...
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