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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BUY

BAC reported today and the markets are reacting negatively because loan growth was not as expected. The reason for this is because the economy is starting to do well and there's a ton of liquidity out there. There's not a lot of reason right now to go to banks for loans. Once people spend what they have, they'll have the confidence to go to the bank for a loan. This is a good opportunity to buy with both hands. Leveraged to a steepening yield curve.

BUY

They report next week. If you believe the economy gets stronger and rates will rise rapidly, buy this.

BUY

Biggest interest rate sensitivity among the US banks. The bond yields moving higher has benefitted BAC to outperform. This and JP Morgan are his core US Bank holdings.

TOP PICK

Will benefit from very well from rising interest rates, but a lower rate will likely add more loan growth. They also boast strong investment and capital markets businesses. (Analysts’ price target is $43.04)

BUY

US financials are in a great position. Benefit from interest rates going higher. Will do well in capital markets and banking. US 10-year is back below 1.5%, and US banks have barely budged, so this signals a good time to buy. Still reasonably priced. Go long.

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Curated by Michael O'Reilly since 2020.
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PAST TOP PICK

(A Top Pick Jul 30/20, Up 68.4%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BAC continues to do well. We are now recommending to trail up the stop (from $30) to $38. If triggered, this would all but guarantee an investment return of 48% when considering the recommendation to cover 50% previously.

TOP PICK

The yield curve is steepening which will help revenues. They have held reserves very well, and these are coming off and going to the bottom line now. The Fed after June will allow banks for buyback shares and increase their dividends, too. Also, BAC has lowered their costs and using technology more efficiently. The U.S. banks are seeing growth. Wealth management business is also increasing. It pays a reasonable dividend that's rising and it trades at only 13x PE. (Analysts’ price target is $38.63)

BUY

Financial services are poised to do well as rates push up net interest margins. Global markets, consumer banking, and wealth management. Well positioned with loan loss provision reversals.

BUY ON WEAKNESS

Let it come down a little, even though this group of banks is cheap, even after this run.

TOP PICK

New addition to their US large cap fund. Wanted to increase exposure to financial sector. Higher interest rates are positive for financials and they are still inexpensive. BAC is the most sensitive to this. Higher rates and steeper yield curves are positive for banks. $1B of reserve will come back in as well since things were less bad than thought. (Analysts’ price target is $37.06)

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Jul 30/20, Up 44.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BAC has achieved its $36 objective. To be disciplined, we recommend covering 50% of the position. With a stop at $30 for the remainder, this would all but guarantee a minimum investment return exceeding 32%.

HOLD

Likes the large, multi-centre banks. BAC is in the sweet spot, as it's the most sensitive to a steeper yield curve. The longer end is rising, and the Fed doesn't have as much control over this. The spread is rising, so the banks can make more money on interest income. Stay with it.

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Unlock this Panic-proof Portfolio opinion with Stockchase Premium

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Jul 30/20, Up 31.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BAC is progressing well. We recommend trailing up the stop (from $25) to $30. This would all but guarantee a minimum investment return exceeding 20%.

TOP PICK

10% of all U.S. deposits is with BAC. Net interest income is lower because of very low interest rates though is stabilizing. It trades at 1.1x book and pays a 2.3% dividend. Has a great balance sheet, and credit card, investment banking and wealth management businesses. They've done a good job cutting costs. The CEO steered them out of the difficult post-2009 era. Banking cost structures will change a lot in coming years due to blockchain. (Analysts’ price target is $35.69)

COMMENT

It pulled back 3% Friday, but doesn't expect it to much after it reports next week. US banks need to deliver a blow-out to impress investors. A simple beat isn't enough.

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Bank of America (BAC)