It’s been a good year for bank stocks, and Bank of America (NYSE: BAC) is no exception.
Since this time last year, shares of the Charlotte, N.C.-based bank have risen 61%. That’s more than triple the S&P 500 and well over other banks, with the KBW Bank Index returning 38% over the same stretch.
Given this performance, it’s reasonable for investors to ask: Is Bank of America’s stock still a bargain?