Bank of America (BAC) Buy, Sell or Hold

Bank of America (BAC)

50.56

-0.52 (1.02%)

as of Oct 23, 2026, 8:00:00 pm Market Closed.

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PAST TOP PICK

(A Top Pick Sep 23/20, Up 111%) Will continue to own and buy stock. Beneficiary of rising interest rate environment. Technology will continues to drive cost downs. Believes long road to grow. US consumers in good shape, which will aid company with increased loan growth.

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BUY

Rates will rise this year. BAC is cheap (in PE terms). This will likely go to $50.

TOP PICK

US banks are a mainstay of his portfolio. Very well capitalized. Most sensitive to a steeper yield curve. Loan growth is improving. As the economy improves, they'll get more loans. Yield is 1.88%. (Analysts’ price target is $49.44)

PAST TOP PICK

(A Top Pick Dec 24/20, Up 52%) Would buy BAC-NYSE again. Has held for a long time. Dividend yield of ~2.0%. Likes CEO Brian Moynihan. Retail banking has great franchise operation across USA. Investment banking & wealth management also have great franchises. Overcapitalized.

PAST TOP PICK

(A Top Pick Sep 23/20, Up 96%) 100% he'd buy again today. Earnings are substantially higher than last year, but it's no more expensive. Growth prospects remain outstanding. Rising interest rates will be the wind at its back. US consumer is in good shape.

HOLD

What's driven them are very strong capital markets, trading, and investment management. Better loan growth and net interest income will carry the flag going forward. As the economy matures, banks will do well on the backs of higher interest rates.

BUY

BAC vs. JPM Likes US financials. Economic recovery, interest rates moving higher, loan losses coming down. BAC has outperformed JPM by a decent degree. He likes both. BAC might be cheaper, 1.55x price to book; whereas JPM is closer to 2x, and might have more growth ahead, with very strong management. JPM has a slightly higher dividend. All US banks will increase dividends once allowed.

BUY

He owns both. They're different banks: MS is far less sensitive to loan growth, as over 50% of revenues come from wealth management (they bought etrade and Eaton Vance). BAC is the US bank most sensitive to interest rate moves; their loan book is crucial to their growth. He likes both and both reported strongly last week. BAC has a slightly better valuation than MS, so it gets the edge.

BUY

They reported yesterday, a beautiful quarter. Revenue was much higher than expected, 12% YOY, while overall expenses were roughly flat, meaning 58% earnings growth. Their deposit base rose 15% YOY, driven by their online banking platform. BAC is the most levered of US banks to interest rates which are expected to climb. He targets $50.

BUY

They report Thursday. BAC could have an earnings breakout, because long-term interest rates will rise.

PAST TOP PICK

(A Top Pick Sep 14/20, Up 71%) He'd continue to hold, and he'd buy it here. Banks will continue to do well over the next little while. Reserves are coming back into earnings. Dividend increases and share buybacks are coming. Steepening yield curves will allow the banks to stabilize net interest income. Good prospects in a growing economy.

BUY

Trades cheaply to the best-in-class in banks. Likes their capital return program, while their M&A and sales businesses are humming alone. Better than JPM.

PAST TOP PICK

(A Top Pick Aug 08/20, Up 78%) He was stunned when US banks lagged in 2020 as the FAANGs rose. So the banks offered better valued and still do. Governments around the world won't let their banks crash again (as in 2008). Banks have been building balance sheets and avoiding very risky areas. Finally, the market has accepted the banks. Interest rates and the yield curve will stabilize.

COMMENT

They reported a big earnings beat driven by a huge reserve release. Sales disappointed though. Its most important business, consumer & business lending missed too, as did the global markets division. BAC is the most sensitive to interest rates, so the collapse in bond yields makes it difficult for them. This is one to buy, if you believe the Fed will raise interest rates.

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PAST TOP PICK

(A Top Pick Jul 30/20, Up 52.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BAC has triggered its stop at $38. We recommend covering the balance of the position. This will result in a net investment return of 48%, including the 50% previously recommended to cover.

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Bank of America (BAC)