Bank of America (BAC) Buy, Sell or Hold

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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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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 21.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK in BAC continues to do well. We are recommending setting a trailing stop at $25, just above the initial recommending entry level.

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TOP PICK

Not cheap, at 11x earnings. CEO is undervalued. He's brought costs in line and improved retail side by spending on tech. In that sweet spot to take advantage of virtual banking. Great wealth management, credit card, and retail franchise businesses. Will continue to grow. Yield is 2.41%. (Analysts’ price target is $30.00)

HOLD

Trend of falling rates was not favourable to banks. Times are changing. Rotation towards cyclicality. Some inflation is coming. Fed can control the short end of the curve, but not so much the long end. BAC is most sensitive to a steep yield curve. Just be patient. Good spot to be.

DON'T BUY

BAC vs. Canadian banks Prefers the Canadian banks. They over-reserved on Covid losses, so there should be some earnings recovery in 2021-22. This hasn't happened with the US banks. Regulators still hate the US banks because of 2008. Canada is a cleaner environment for banks, and any of them would do.

BUY

He owns the big American banks. BAC has more of a retail operation than its investment. They did a good job turning around with its acquisitions. Well-positioned. They've held back in paying their dividends because of restrictions, and can't increase dividends or do buybacks. Overall, though, the banks are in good shape. He's been adding to his holding.

TOP PICK

Huge chunk of US retail deposits. Fantastic investment banking francise. CEO has done well navigating problems. Well capitalized. Trading at 0.8% of book value. Compelling opportunity. Exceptionally well run. Default rates not that bad. Growth is happening. Dividend sustainable. Election outcome won't have a negative impact. Yield is 3.01%. (Analysts’ price target is $27.77)

TOP PICK

It has a 3% dividend yield and trades at 0.8-0.9 times book value. They increased profitability by reducing costs. They took less of a loan loss provision than the other banks. They have a great balance sheet and will continue to pay their dividend. They have a great capital markets and wealth management business. (Analysts’ price target is $27.91)

WEAK BUY

All the US banks are faced with a question of credit quality. How many defaults will there be? We don't know. But the banks are cheap, between 11-15x earnings, with a dividend. Hard to tell if the reserves will be enough. One strategy might be to buy 2 or 3, instead of just one. The sector is undervalued right now.

DON'T BUY

What is BAC's exposure to CLOs and is it risky? CLO: https://en.wikipedia.org/wiki/Collateralized_loan_obligation Doesn't know if they have an above-average exposure to CLOs, but why own any US bank now? What will happen to loan losses and low interest rates? Banks don't do well with low rates, unless the rates rise, but he doesn't see that happening, at least not much higher than present.

HOLD

It will be a difficult environment for banks for a moment. It depends on the recovery and how the pandemic plays out. You can't expect too much from banks right now. Looking at the medium term, 5-10 years, it is positive.

BUY

One of the best run banks in the US. Cheap multiple. Has grown its business, but kept costs down. Strong franchise. Difficult time over the next 6 months or so. Worth buying here. Yield is 3%.

BUY

BAC vs. JPM Both incredible companies. All bank stocks are trading at a substantial discount. JPM pays a nice dividend, and trades at a bit of a premium. BAC trades at 0.8x book. Both well run.

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

TOP PICK

Stockchase Editor: Michael O'Reilly When Warren Buffet is a buyer, the market takes notice. He just purchased another $1.2 billion worth of shares at an average of around $24 over the past week. For arguably the strongest major US bank, BAC pays a good dividend that will certainly be sustainable, given only a 24% payout ratio. Analysts see over 15% upside in the share price. Knowing how the Oracle of Omaha invests, he might be targeting a return to even more lofty targets, near $36 -- the level it traded pre-pandemic. We also like the technical up trend of higher lows and would hold this unless it takes out key support around $22.50. Yield 2.85% (Analysts’ price target is $28.57)

COMMENT

A CLO is an off-balance sheet vehicle. In 2008, they were problematic. BAC has exposure, and so they could pay off or they could become toxic. One reason to sell banks coming up to a recession and buy on recovery.

COMMENT

He doesn't know the details of BAC's business. But the US banks have been aggressive in setting aside capital for loan losses. {audio issues during his comment}

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Bank of America (BAC)

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