BAC Trades at a Discount to Industry: Right Time to Buy the Stock?

Bank of America (BAC) is trading at a discount compared to its industry peers, with a 12-month trailing price-to-tangible book (P/TB) of 2.04X versus the industry average of 3.42X. Despite significant share appreciation over the past year, the article suggests that while BAC offers an attractive risk-reward for long-term investors due to expected NII growth, network expansion, solid liquidity, and shareholder returns, current uncertainties like declining earnings estimates and asset quality concerns make it a “retain-and-monitor” stock rather than a strong buy for aggressive accumulation.