Boston, MA 11/28/2013 (wallstreetpr) – Bank of America Corp (NYSE:BAC) operates in recovering financial environment. But even in this environment, the bank is doing greatly in several fronts compared to its peers that make the cluster of the largest banks in the U.S. by asset value. Looking at the valuation, the BAC comes ahead of JPMorgan Chase & Co.(NYSE:JPM), Citigroup Inc (NYSE:C) and Goldman Sachs Group Inc (NYSE:GS).
A look at the net interest margin also gives indication that the financial institution is surging ahead of the industry leader JPMorgan Chase. While Bank of America Corp (NYSE:BAC) has net interest margin around $10.17 billion on total assets of around $2.12 trillion. In contrast, industry leader JPMorgan Chase with total assets worth around $2.46 trillion has net interest margin of $10.78. The picture that comes out here is that BAC is quickly zeroing in on the industry leader.
If the aforementioned my not be reason enough to make this a potential market outperform stock, then there is even more which puts this bank apart from its wait and see or stay way peers. In the last four quarters, BAC has had its earnings soaring even though revenue growth offers mixed picture in that it has been up and down through the four quarters in review.
As for the stock appreciation, year to date, the Bank of America Corp (NYSE:BAC) has appreciated better than its peers. The stock is up 36.82% in the past 12 months. In contrast, its pears have rise with trailing percentages was we can see here: Citigroup 34.43%, JPMorgan Chase 31.21% and Wells Fargo 29.80%. Even more interesting is that BAC’s stock appreciation tops the sector performance by significant margin.s
The fact that the bank is also getting over its legal woes regarding defective mortgages is also something that reveals the bank is poised for even better growth. Without wasting time, and having looked at how the bank compares with peers, there is every reason to believe that Bank of America Corp (NYSE:BAC) is perfect for long term hold.
