Is Bank of America a Buy at the Market's New High?

This is now the third day in a row that the Dow Jones Industrial Average has hit an all-time high. But does this mean that all of its component stocks are similarly dearly priced? In the video below, Fool contributor John Maxfield discusses why at least one of them isn't.

Despite doubling last year, Bank of America (NYSE: BAC  ) , still appears to be relatively cheap by historical standards. Among other things, shares of the bank are more than 40% below their pre-financial-crisis high (even taking dilution into account) and continue to trade far below book value.

Bank of America's stock doubled in 2012. Is there more yet to come? With significant challenges still ahead, it's critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool's premium research report on B of A, analysts Anand Chokkavelu, CFA, and Matt Koppenheffer, Financials bureau chief, lift the veil on the bank's operations, including detailing three reasons to buy and three reasons to sell. Click here now to claim your copy.

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  • Report this Comment On March 07, 2013, at 10:56 AM, rayzur9 wrote:

    Bofa DOUBLED last year... DOUBLED!!!!!!

    Why does this seem to be a surprise?

    Did we not experience a huge market downturn during the recession? An artificial price drop, would be expected to regain its value when the market turns upward again.. As if BofA is a five dollar stock, and its having doubled in price to a 10 dollar stock is relative to its true value?

    Your articles are ridiculous in their attempt to promote a sentiment towards certain stocks you are obviously short on.

  • Report this Comment On March 07, 2013, at 10:57 AM, rayzur9 wrote:

    Oh, should have read further...

    Didnt realize it was another commercial for the "full Premium Research Report"....

    guess you guys need to make money somehow....

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9/23/2016 4:00 PM
BAC $15.52 Down -0.08 -0.51%
Bank of America CAPS Rating: ****