U.S. value stocks offer opportunities for bargain-hunters, BofA’s equity and quant strategist says

Value stocks offer some of the most compelling valuations in the U.S. equity market after badly lagging their growth-focused counterparts this year, Bank of America Global Research equity and quant strategist Savita Subramanian said on Wednesday.

In a keynote speech, she said that within what she views as a generally favorable market and economic environment for stocks, large-cap value is the segment “where I have the most conviction.” Subramanian argues the underperformance of value stocks has made them more attractively priced compared with their growth peers. The S&P 500 growth index trades at 28.3 times forward earnings, while the S&P 500 value index has a forward P/E of 15.8, according to LSEG Datastream.

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