S&P 500
7,435.30
-0.80%
Dow Jones
51,838.00
-0.12%
Nasdaq 100
0.00
+0.00%
Russell 2000
2,994.67
-0.36%
FTSE 100
0.00
+0.00%
Nikkei 225
69,374.20
-5.13%
Stock Market Live June 23, 2026: S&P 500 (SPY) Futures Under Significant Pressure

Banking, finance, and taxes

BofA Back at $10.00, Still Substantial Discount To Book Value (BAC, BRK-B)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published

Invalid Image
Bank of America Corporation (NYSE: BAC) made it back above $10.00 today for the first time since August 21 of 2011.  The stock hit a high of $10.10 and the current share price is floating back and forth from $9.99 to $10.00 at the moment.

We recently asked if this stock is now getting overvalued. What is interesting is that this is now almost 10% higher than the $9.08 consensus price target from Thomson Reuters.  It also is starting to make Warren Buffett look like he made a very profitable investment if you include his warrants in the $5 billion investment made by Berkshire Hathaway Inc. (NYSE: BRK-B) recently.  BofA has traded in a 52-week range of $4.92 to $14.22.

At the end of the last quarterly earnings report, BofA’s stated book value was $20.09 per share and the tangible book value was now up to $12.95.

JON C. OGG

Follow 24/7 Wall St. on Google
Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Jon C. Ogg |

Ten Steps to Get BofA Stock Back Above $10 (BAC, JPM, C, WFC)

To say that the situation had become painful at Bank of America (NYSE: BAC) would be the understatement of the…

Jon C. Ogg |

How QE3 Will Help the Seven Safest Banks in America

Banks are back in favor. The most recently announced round of quantitative easing via mortgage-backed securities purchases from the Federal Reserve…

Jon C. Ogg |

BofA Secondary Rumors Weighing (BAC)

Bank of America Corporation (NYSE: BAC) was doing very well earlier and it hit $10.00 for the first time since…

Jon C. Ogg |

Focus on Bank Book Value Per Share Ahead of Q3 Earnings Season

The big banks are going to be rather important to watch this earnings season for the third quarter of 2012…

Jon C. Ogg |

Bank Stocks Serious Value Dilemma: Now at Premiums to Book Value

ThinkstockThe recession turned the banks into whipping boys of Main Street, and finding many who feel sorry for the banks…

Jon C. Ogg |

Giant Technology Stocks Are Now Too Cheap (AMAT, CSC, GLW, DELL, HPQ, INTC, KLAC, LRCX, MSFT, MU, SNDK, WDC)

The sell-off and market volatility have made it difficult for many nervous investors to either stand pat or even to…

Jon C. Ogg |

BofA’s Expected Drop In Book Value & Goodwill Take Out $100 Billion Market Cap Status (BAC, C, JPM)

Bank of America Corporation (NYSE: BAC) is back to being the worst of the worst of the Dow Jones Industrial…

Jon C. Ogg |

Book Value Discounts Make Citi and BofA Outshine JPMorgan and Wells Fargo

24/7 Wall St. cannot help but wonder if investors are finally ready to place a premium on book value in…

5 Financial Giants Still Trading Under Book Value
Jon C. Ogg |

5 Financial Giants Still Trading Under Book Value

For "value" to be found in financial stocks, one metric that is always insightful is a review of profitable companies…

Top Gaining Stocks

Moderna
MRNA • Vol: 1,802,215
Axon Enterprise
AXON • Vol: 180,695
CDW
CDW • Vol: 232,606
IBM
IBM • Vol: 4,871,305
eBay
EBAY • Vol: 411,815

Top Losing Stocks

Micron Technology
MU • Vol: 17,816,651
Lam Research
LRCX • Vol: 3,007,488
Coterra Energy
CTRA • Vol: 73,319,495
Western Digital
WDC • Vol: 3,425,430
KLA
KLAC • Vol: 2,333,177