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.

708 watching

SELL

He sold it on tightening of the federal reserve last fall. This is the most exposed bank to falling interest rates. He still owns C-N because there is more upside on it. (Analysts’ price target is $32.71)

BUY

He might buy it soon. He likes it a lot. Has a PE of 9x. Well-run and a good dividend. The yield curve is a problem, but banks will find another way to charge customers. Banks don't lose.

PAST TOP PICK

(A Top Pick Aug 30/18, Down 14%) US banking is very cheap, lots of capital. Can't compare them to European banks. Great story, buying probably at or below book value. Dividend of 2.1% and increasing. Buying back shares. Good chance to get in.

TOP PICK

Low multiple. Net interest rate income is lower, but won't collapse. Great franchise. Below book value, good yield, no legal issues, tons of capital. Yield is 2.74%. (Analysts’ price target is $33.08)

COMMENT

Canadian vs. American banks (BAC, JPM) The Canadians trade at a premium (in book and PE terms) vs. Americans, and the 12-month outlook is better for Americans. BAC is cheaper than JPM and more domestically focused. Also, Citibank is cheaper than both of these, trading below book value with better protection to the down side.

WAIT

BAC vs. MET. Dynamics of the two are different, so hard to compare. FMV potential of both is huge. But the market won't go, because interest rates are falling. Aren't any drivers to escalate earnings. Very cheap, but who knows when they're going to pop? (Analysts’ price target is $33.12)

DON'T BUY

All US banks are sideways, a bad signal. He doesn't own any North American banks, only Asian ones. Be cautious about any banks.

COMMENT

They've lowered expectations, and buying back shares. Can see more volatility. Earnings were up 8% in the last quarter but it all went to share buyback. They aren't putting money in capital expenditures to give executives bonuses. Doesn't like it.

BUY

Q1 in to April is seasonality for US stocks. The banks are showing improvement and they can still run. Resistance at $31 so if BAC breaks out, there'll be a big upside.

PAST TOP PICK

(A Top Pick Jul 17/18, Up 5%) He favoured the US banks after the election of President Trump. If the Fed cuts more than 25 points this week, this would hurt them. He feels the banks outside North America are effectively bankrupt already -- especially in Europe. He still owns this as he feels they are still well capitalized, although he has taken some profit.

COMMENT

Time to move out of US banks? BAC-N lots of levers to earn money. It trades a little higher than book value. The valuation is okay, but is trading fair value. He would not be compelled to buy at time. He would roll this position into holding the exchanges -- like CME-N

SELL

It's stuck at $30. Sell at $30 until it proves it can go higher, but he doubts it will. It's in a nice range between $24-30.

HOLD

Add on here? The largest holding he has and he holds it personally. He has a four-bagger on this and has a $38 target price. He will continue to hold it.

BUY

A potential US interest rate cut. He's long endorsed BAC. They've increased their dividend and bought back a lot of shares. They are flush with capital. It trades at book value today, so it's not an expensive stock. A rate cut should hurt banks, buy they have weathered this before. They won't get hurt much and will endure a cut. Also, if the rate drops says 75 basis points, the yield curve will rise.

COMMENT

There continues to be a hangover over the falsification of client records a few years ago for WFC-N. It will go away over time and Warren Buffet still owns his shares. He would tie into a higher yield play. He would lean towards Bank of America.

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Bank of America (BAC)