After turning out some of the best performers in 2012, investors would be forgiven for thinking that the banking sector didn't have any room left to run. Some may want to avoid the sector all together after their disastrous last few years.
Both groups would be wrong to write off finance stocks today. As Austin points out, even after big returns this year, these companies trade at enormous discounts to their book value. Even if many do not eventually return to their historic ratios, even climbing halfway back to their long-term averages spell big gains for many investors.
This couldn't be any more true for the most-traded bank out there. I invite you to a copy of our in-depth company report on Bank of America. The report details Bank of America's prospects, including three reasons to buy and three reasons to sell. Just click here to get access.