The latest sector review places Bank of America stock ahead of peer valuation metrics, trading at a P/E ratio around 10. The bullish camp believes current share prices remain attractive, with opportunity for upside as long-term earnings power is realized. This view is echoed in research from Morgan Stanley, which increased its target following recent results that topped expectations. By Trefis Team , Contributor. Forbes contributors publish independent expert analyses and insights. Building a platform to do the job of 1 million analysts With a dividend payout ratio below industry average, Bank of America’s stock forecast leans bullish, as cash reserves are expected to back further share repurchase programs within 12 months.
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