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

TOP PICK

Likes US financials. Economy is healing, which enables the companies to actually get out of the situations they were in. Loan-loss reserves are coming down. Nonperforming assets are being reduced. Becoming a smaller but better bank.

DON'T BUY

Prospects are quite good. Replaced much of board yesterday, which was a good thing. We have excellent banks in Canada so there is no reason to go bottom fishing in the US. There are too many disruptive practices coming into the big banks in the US.

PAST TOP PICK

(A past Pick Aug 10/11. Up 21.3%.) Still likes. Cautionary in that there is a lot of stuff in there that you have to analyze. If you believe the US housing market is stabilizing and the US economy is growing, this is probably worth more.

DON'T BUY

5-10 year long-term hold? Longer-term, the banking system has a longer time to repair and get back to its days of old. Obviously, the housing system at some point will repair itself. He would rather pay a higher price for a lot greater certainty.

TOP PICK

This can be a $30 stock. Seems to be in an excellent turnaround mode. Still lots of problems out there. They’re in litigation which could cost a couple of billion dollars. Still have the Countrywide problems. Made a profit last quarter of $2.5 billion and have been profitable for a number of quarters in a row. Still paying a dividend of $.01 that they want to increase. Capitalization ratios have moved up to record levels. The longer it is going in this direction the more the risk is reduced and the reward has not decreased by an awful lot. Can also see the dividend going up.

WEAK BUY

Were doing well into the recession and had to buy a couple of countries and what has happened is that since then they have continued to run into sharp objects – scandals. Well capitalized and is going to benefit from the US recovery. It is a couple of years out. Buy it and put it away or get a regional for shorter term. Prefers BB&T.

COMMENT

Can you see this getting to $12-$15? Not very quickly. J.P. Morgan (JPM-N) offers a better risk profile, better stability and likely better growth. Finds it very difficult to find out what is going on at this bank. Balance sheet and some of their assets are pretty opaque.

DON'T BUY

(Market Call Minute)

SELL

Really struggling and have been since the 07/08 financial crisis. One of the big problems with the banks is that there is a very flat yield curve. When there is a flat yield curve, it is impossible to do traditional banking profitability. He would recommend you change to Goldman Sachs (GS-N) which is trading at about 60%-65% of Book and 75% of Tangible Book so it is extremely cheap.

COMMENT

Seasonality of big US banks is strong from January until April of each year. This bank had a huge write off in the 2nd quarter of last year. They’re reporting their 2nd quarter results this week for 2013. Look for some good news. Chart shows a nice base forming.

TOP PICK

This one could be in a major turnaround. The longer they go without major negative announcements, the better it bodes. Have been selling off some of their assets and dealing with their lawsuits. Can see the stock going over $30. On their capitalization ratios, one is at record high levels and they're getting their house in order.

COMMENT

Jan/14 $10 Strike Price Call Options. Good idea? Doesn’t think this would be a bad trade.

TOP PICK

Has bought and sold this one several times. This is one of the companies that is slowly being restructured by management to cut costs but it is really a play on the US mortgage and housing market. If there is stabilization on housing, the stock will go up quite substantially. European assets are very limited.

DON'T BUY

(Market Call Minute.) Doesn't understand what goes on inside of US banks so he would avoid them.

DON'T BUY

If you want to be in the banks, you're better off being in the better managed ones.

Showing 991 to 1,005 of 1,348 entries

Most Recent Experts

Stephanie Link, Chief investment strategist, Hightower

Hightower

Jason Snipe, CIO, Odyssey Capital Advisors

Odyssey Capital Advisors

Rob Sechan, Managing Partner, New Edge Capital

New Edge Capital

Jim Lebenthal

Cerity Partners

Tim Regan

Kingwest & Company

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Bank of America (BAC)