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

DON'T BUY

Bank of America vs Citigroup. There's some good opportunities but maybe not something you want to invest in right now. Deposits competition is heating up. Net interest margin moving the wrong way. Deposits costs are higher. Credit isn't terrible right now. Not that the banks are a terrible spot, you're probably going to do fine. Dividends are totally safe. But is this really going to get you a great return right now? Better places to be, and probably better countries.

SELL ON STRENGTH

For a trade for a couple of months you would be okay. We need this end of cycle to happen before the recession. He is looking to sell into strength.

DON'T BUY

BNS-T vs. BAC-N. He owns the Canadian banks. Most of the US banks have been bankrupt in his career. Canadian banks are better regulated. You might make more money in the US within a couple of years but not after 5 years.

BUY

Absolutely likes US banks. Thinks you can own both Canadian and US banks. JP Morgan has held up better than Goldman, though his clients own both. He'd absolutely buy BAC or JP Morgan, because recession fears are overblown, interest rates will go up slowly in US and this will benefit the banks. Valuations are quite attractive, balance sheets are better.

COMMENT

BAC or JPM? He owns JP Morgan, but likes BAC as well. Overall, JP Morgan has been a premium bank in the US since the recession. The US banks are trading extremely cheap -- he likes both.

BUY

Good buying opportunity from a short-term perspective. Has a bottom, with an emotional drop down to $22 level. Nice little rebound today, along with the rest of the market. Would expect it to do well. If it can get above $26, looks much more attractive for mid-term. Have to be aware that we've seen big days like this in the past followed by bigger drops. $24 is a good exit point for short-term traders.

BUY

He's long owned BAC. The entire growth has pulled back, because of interest rates not rising as much as expected. BAC is in good shape. If the US economy does well, this will do well. Likely dividend increases.

TOP PICK

He's bullish US banks. Sept. 30 earnings were $7.2 billion, enough to double their dividend without making much impact on their balance sheet. They're putting up incredible earnings despite a rising yield curve enviroment. And there have been two rate hikes since Sept. 30. He bought it cheap at $12. (Analysts’ price target is $33.80)

HOLD

Financials have been hit hard. With a 4-year cycle reset, this area should outperform, especially in the first year of the new cycle. This is an attractive entry point, it's down 33%. If you hold it, don't sell.

BUY

He's still bullish on American banks and the U.S. economy. BAC is well-capitalized. That said, the flattening yield curve has limited net income spreads and overall, we're in a challenging environment. You can buy BAC now. He prefers Morgan-Stanley for its strong wealth management and investment banking operations.

COMMENT

CVS or BAC? He owns both and struggles to pick one over the other. Building a portfolio with different balances makes sense. CVS is a little out of favour as it is being "Amazoned". However, they have 11,000 locations in the US and have set up mini-health clinics with nurses on staff -- a good differentiation. BAC has corrected and is now trading at recessionary levels (below book value) -- extreme levels not seen since 2008 and great value.

DON'T BUY

Owned it in the past. The fundmentals are being ignored in this market. US financials have done nothing all year. In the summer, he greatly reduced exposure in this sector. He needs to see a definite price move to get interested in this stock and sector. As for Powell rising rates, either he gives markets a rate hike that the market doesn't need, or investors panic because he didn't raise rates (because he feels the economy is weak).

BUY

All the bank stocks are generally trading down. If you were considering a US bank, this is the one he would buy.

BUY

What's hurt BAC is their exposure to capital markets, more so than its peers Citi and JP Morgan and Wells Fargo. The multiples are at a discount at the Canadian banks. You can look at this stock and space. He's buy 2 or 3 US banks instead of 1 though.

COMMENT

Bank of America vs Citigroup – Both of these have earnings forecasts that are growing compared to the rest of the US bank sector that looks weak. He thinks both are excellent value and are good buys currently. He wishes the US banks would stop buying back shares and pay out dividends instead – like the Canadian banks. He thinks this might require regulatory support first.

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Bank of America (BAC)