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

2017-05-19

Opinion for Bank of America (BAC-N)

Signal Price Bias Subject Owned
BUY on WEAKNESS $23.050 BULLISH US EQUITIES Unknown

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.

John Petrides
Managing Dir. & Portfolio Manager, Point View Wealth Management

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