Bank of America Stock Analysis

TTM Net Income CAA Sep 23: $7.8B + $7.4B + $8.2B + $7.1B = $30.5B

P/E = $237.54B / $30.5B = 7.78

Upside/Target Price: $38.5 (10 x PE) or 28% increase

Downside/5 Year Low Price: ~$20 or 33% based on price, ~$25 or 16.7% based on P/E

Recommendation: Buy for (i) decent value, (ii) stable profits/dividend, and (iii) decent reward/risk ratio

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