Bank of America’s Merrill Unit Secures 539 Women Advisors; Shares Trade at 2.04X P/TB
Bank of America’s Merrill unit placed 539 advisors on Top Women Wealth Advisors lists, including 17 state number-one rankings and 23 in the national top 100. Bank of America shares trade at a 12-month trailing price-to-tangible book ratio of 2.04X versus the industry’s 3.42X, highlighting potential valuation upside.
1. Merrill’s Advisor Recognition
Merrill Wealth Management and Merrill Private Wealth placed a total of 539 women advisors on Top Women Wealth Advisors best-in-state and national lists, the highest count among firms. Seventeen advisors achieved the top-ranking in their states, while 23 advisors ranked within the national top 100.
2. Valuation Below Industry Level
Bank of America shares currently trade at a 12-month trailing price-to-tangible book ratio of 2.04X, compared with an industry average of 3.42X. This discount suggests potential upside as investors may value the bank’s wealth management and broader financial services more highly over time.