Bank Of America Corp (BAC) is slightly overvalued and Wells Fargo & Co (WFC) is fairly valued.
Both trade above our estimate of their intrinsic value. WFC is the closer of the two: -5%, against -19% for BAC.
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 1.40x, the multiple a 12.5% return on equity justifies, blended with earnings, values the shares at $79.44; the price of $83.15 is 5% above that value.
Leak Score 45/100 on 9 of 12 signals
| Metric | BAC | WFC |
|---|---|---|
| Verdict | Slightly overvalued | Fairly valued |
| Price | $56.20 | $83.15 |
| Intrinsic value | $47.17 | $79.44 |
| Margin of safety | -19% | -5% |
| Leak Score | 38/100 (9/12) | 45/100 (9/12) |
| Market cap | $393.0B | $251.4B |
| Revenue growth, 5 years | 15.4% | 8.6% |
| Operating margin | 21.3% | 21.9% |
| Net margin | 16.5% | 16.8% |
| Return on equity | 11.3% | 12.5% |
| Debt to equity | 2.47 | 2.57 |
| P/E | 12.9x | 12.1x |
| Forward P/E | 10.7x | 10.4x |
| P/B | 1.4x | 1.5x |
| Dividend yield | 2.1% | 2.3% |