Bank of America and 2 other value stocks that are now more than 20% off
In addition to the growth stocks, which are suffering the most from the current declines, the price of the latter, i.e. value stocks, is also falling. Many of them are now getting to interesting valuations that we have not seen for a long time. What three particular stocks are now at more than a 20% discount and why are they worth paying attention to?
It may be that it is not 100% clear to some what a value stock actually means. These are stocks that are trading at a lower price than the company's performance would otherwise suggest. Investors in value stocks seek to take advantage of inefficiencies in the market because the price of the underlying stock may not match the performance of the company. These stocks should have a low P/E, pay dividends, and have a low price-to-book value (P/B) ratio. That would be a start, now let's move on to specific stocks.
1. Bank of America $BAC
This bank is one of the largest financial institutions in the world. It belongs to the big four along with…
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