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Actionable news in BAC: BANK OF AMERICA CORPORATION,

Here's Why Bank of America Is a Classic Value Trap That You Should Avoid

Those scouting for low-priced bank stocks would have likely already considered Bank of America (BAC - Get Report) . At 8.28-times forward earnings and a price-to-book valuation of 0.6-times, you could be tempted to buy into this "transformation story" characterized by a "strengthened balance sheet, higher capital ratios and improved funding," according to the analysts at CLSA. Further, Warren Buffett's billion investment in the company could be read as a stamp of approval by many.

However, the devil's always in the details. Here is why Bank of America is a classic value...


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