After looking at all of the stocks on the Dow Jones Industrial Average and comparing their current share prices with the average price target of Wall Street analysts, it looks as if Bank of America doesn't have a lot of room left to run over the next 12 months. The current share price is already above the average target price.
But that doesn't mean investors should walk away from Bank of America yet. In fact, the impressive run year to date is just the beginning of what could be even more handsome returns. With the company still trading for half of its book value, it's deeply discounted to its historic norm.
To learn more about the most-talked-about bank out there, check out 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 now.
Austin Smith owns shares of Wells Fargo and has warrants on Citigroup. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo and has options on Wells Fargo. Motley Fool newsletter services recommend Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.