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Compiling comments that experts make about stocks while on public TV.

Bank of America Stock Symbol: BAC-N

Last Price Recorded: $23.2400 on 2017-05-26

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Date Signal Expert Opinion Price
2017-05-26 BUY Stan Wong

He likes the US banks. This is one of the cheaper ones, trading at under 1X BV. Pays a 1.3% dividend, but they have the potential to increase shareholder capital return to dividend increases and buybacks. They should also benefit from lighter regulation, lower taxes, and higher interest rates. Probably not a bad time to be picking away at this.


Price:
$23.240
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-05-23 COMMENT David Burrows

When you’ve gone through 15-18 years of up-and-down markets, people through their experience, start to look for the next major problem. The toughest thing in a bull market is to stay invested. This was at $12 in June/16. It rallied to $25. It is okay for it to sit and rest for 2 or 3 months. In the last two quarters they have had great earnings increases. Their BV is growing at 15%. There is no sign that this is coming to an end. An attractive place to be.


Price:
$23.390
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-05-19 BUY on WEAKNESS John Petrides

Financials are one of his favourite sectors. He would definitely recommend Holding this and buying on any dips. With the fundamentals of the banking sector, the wind is really at your back, because they had been regulated post the crisis, and have so much capital on their balance sheets, that they are the strongest they have been since World War II. By and large, the consumer is fairly healthy, so the loan book is actually quite strong for banks in general. Also, the Fed is embarking on raising rates. As they continue to move higher, higher interest rates are good for bank revenues. If Trump is able to put some sort of deregulation into the banking sector, that is icing on the cake.


Price:
$23.050
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Unknown
2017-05-19 COMMENT David Driscoll

Bank of America (BAC-N) or Citigroup (C-N)? This one will give you more of the mortgage business. If your a believer that the economy is going to continue to grow, housing is going to expand, then this is for you. It comes down to where your comfort level is going to be. He would personally prefer J.P. Morgan (JPM-N), given that their investment banking arm is probably doing better than Goldman Sachs (GS-N) right now. This is fairly cheap on a relative basis.


Price:
$23.050
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
No
2017-05-17 COMMENT David Baskin

US banks took a big kick today. This is a good bank. He owns J.P. Morgan (JPM-N) and Goldman Sachs (GS-N), because he likes the underwriting as well as the commercial bank. You don’t get that with Bank of America. A lot of the enthusiasm about US banks, had to do with the Trump agenda of getting rid of a lot of the Dodd Franks regulatory structure. If you feel that the Trump thing is a tempest in a teapot and it is going to blow over, this is a buying opportunity. US banks are not expensive, and everybody should own at least one.


Price:
$22.570
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-05-15 COMMENT Larry Berman CFA, CMT, CTA

Liquidate? He never recommends liquidating. He likes to scale. If you’ve had a good run and there are good profits, and some potential risks to the downside, then you cut a 3rd. If it keeps going up, then you are still playing, and then you cut another 3rd. he doesn’t think we are going to get back to the levels that were there prior to 2008. Doesn’t see rates going up materially, from this point on. He would be inclined to scale out of bank names.


Price:
$24.060
Subject:
STOCKS & ETFs
Bias:
CAUTIOUS
Owned:
Unknown
2017-05-10 COMMENT John Burke

Banks are not as profitable now as they were prior to 2008, because they are less leveraged. This bank had to go for a bailout in 2008, and he doesn’t like companies where you can imagine them going out of business. Thinks there are better ideas out there.


Price:
$24.150
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
No
2017-05-05 TOP PICK Darren Sissons

The regulatory glare is moving away from money centred banks. If so, they will now be able to leverage up their balance sheets and start lending more. Even more importantly, we are facing an environment where interest rates are going to increasingly become an important factor for the US financial system. Higher rates mean higher profitability. Dividend yield of 1.2%. (Analysts’ price target is $26.)


Price:
$23.740
Subject:
GLOBAL EQUITIES & TECHNOLOGY
Bias:
UNKNOWN
Owned:
Yes
2017-05-04 PAST TOP PICK James Thorne

(Top Pick Feb 27/17, Down 3%)  He is adding to US financials on any pull back.  They are in the value creation phase.  The Fed will increase interest rates.


Price:
$23.850
Subject:
US DIVIDEND
Bias:
BEARISH on RESOURCES
Owned:
Yes
2017-05-04 PAST TOP PICK Richard Croft

(A Top Pick Dec 9/16. Up 18.88%.) Synthetic Long Position. A play on financials and is still bullish on them. This is synthetically the same as owning the stock, but much more tax advantaged for a Canadian holder.


Price:
$23.850
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Yes
2017-05-02 COMMENT Gordon Reid

Probably the most levered bank to interest rate moves, so if you expect interest rate moves and want to participate, management has been quoted as saying that for every 1% move in interest rates upwards, it accrues $5.3 billion to the bottom line. This works out to about $.50 a share, and even at a modest multiple of 10 or 12 times, you are looking at $5-$6 for every 1%. A good place to be.


Price:
$23.530
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Yes
2017-05-01 TOP PICK Paul Harris, CFA

They have some very good businesses and are cutting costs through the use of technology. Trading at 11X earnings. Have lots of Tier 1 capital which was at 13.6% in the last quarter. Trading at less than BV of $24.30. Dividend yield of 1.3%. (Analysts’ price target is $26.)


Price:
$23.610
Subject:
GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2017-04-27 BUY Mike S. Newton, CIM FCSI

There are 2 big events coming up. The May 3rd Fed meeting. Not a lot of people think that they will raise rates, but there is a chance they will. That would be very good for the bank sector, especially for this bank. There is also the French election. If Trump delivers some meaningful tax cuts and some regulation repeals, it could be very good for the banks.


Price:
$23.650
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-04-24 COMMENT Peter Brieger

They just had a bang-up quarter. They were the best of the big 4 in the US. Their net income margins and net interest income, went way up. He would suggest you check with your financial advisor to see what they say in more detail. He does like this bank.


Price:
$23.630
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-04-21 TOP PICK Greg Newman

This has a BV of less than 1. He sees 20% EPS growth. It is very well positioned towards the Trump agenda. Thinks they will do something about the Volker rule and probably lower taxes a little. This bank is very well positioned towards the domestic side of the economy. He doesn’t see a lot of risks. Dividend yield of 1.3%. (Analysts’ price target is $26.50.)


Price:
$22.710
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
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