Bank Of America Corp (BAC) is slightly overvalued and Citigroup Inc (C) is overvalued.
Both trade above our estimate of their intrinsic value. BAC is the closer of the two: -19%, against -37% for C.
Values as of the 22 Sept 2026 close.
Book value at 1.07x, the multiple a 11.3% return on equity justifies, blended with earnings, values the shares at $47.17; the price of $56.20 is 19% above that value.
Leak Score 38/100 on 9 of 12 signals
Book value at 0.72x, the multiple a 8.3% return on equity justifies, blended with earnings, values the shares at $96.80; the price of $132.47 is 37% above that value.
Leak Score 30/100 on 10 of 12 signals
| Metric | BAC | C |
|---|---|---|
| Verdict | Slightly overvalued | Overvalued |
| Price | $56.20 | $132.47 |
| Intrinsic value | $47.17 | $96.80 |
| Margin of safety | -19% | -37% |
| Leak Score | 38/100 (9/12) | 30/100 (10/12) |
| Market cap | $393.0B | $222.2B |
| Revenue growth, 5 years | 15.4% | 13.7% |
| Operating margin | 21.3% | 14.3% |
| Net margin | 16.5% | 9.3% |
| Return on equity | 11.3% | 8.3% |
| Debt to equity | 2.47 | 3.85 |
| P/E | 12.9x | 14.3x |
| Forward P/E | 10.7x | 10.3x |
| P/B | 1.4x | 1.1x |
| Dividend yield | 2.1% | 1.9% |