1. Are Wells Fargo’s ratios higher or lower than Bank of America’s?

Bank of America was referred to at the beginning of the chapter as a firm that had a low valuation in the marketplace. Go to finance.yahoo.com and type BAC into the “Get Quotes” box.
Click on the “Profile” section on the home page and write a one paragraph description of the company’s activities. Return to the home page and write down the company’s P/E ratio. Is it still relatively low (under 15)? Click on “Competitors” and compare Bank of America to Wells Fargo (WFC) based on the P/E ratio and the PEG ratio (the P/E ratio divided by annual growth).