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

2017-07-13

Opinion for Bank of America (BAC-N)

Signal Price Bias Subject Owned
TOP PICK $24.620 UNKNOWN NORTH AMERICAN/GLOBAL Yes

A better bank than it was 10 years ago. It has more capital, a better cost structure and have gotten rid of assets that are non-core. They can’t acquire things anymore other than a few tuck-in acquisitions on the wealth management side. This means it is going to grow a lot more organically. They have a great wealth management business. The stock is trading at only 1X BV. Dividend yield of 1.2%. (Analysts’ price target is $27.00.)

Paul Harris, CFA
Portfolio Manager and Partner, Avenue Investment Management

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