Bank of America (BAC) Buy, Sell or Hold

Bank of America (BAC)

53.75

+0.02 (0.04%)

as of Oct 2, 2026, 8:00:00 pm Market Open.

709 watching

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.

WEAK BUY

There is a conflict in the banking thesis. There is relatively low loan growth so you could see an increase of capital on balance sheets and could fund increases in dividends, but we are facing global financial issues. NA banks are well capitalized and somewhat insulated. He has a small weight in banks and it has not worked out but there is dividend support. He would own some, but not a big position.

COMMENT

Some of the headwinds that are in front of the US multinational banks are increased government regulations and scrutiny on similarity to what they did in 2008. This bank is highly involved in the US real estate and mortgage business, which needs to improve. Longer term this is okay, but there are still a lot of bumps along the way.

TOP PICK

Likes this stock a lot now. Risk has been reduced now. Could easily do a quadruple. Likes what the CEO has done. It is his big play in the banking sector and he is happy to have it. Thinks dividend will be 5 cents in a couple of years.

TOP PICK

Trades at .4X Book Value, which is around $20. Management is doing a very good job. Cutting costs. Making the bank smaller. Have very good core businesses. Loan losses have been going down each quarter for the last 4 or 5 quarters.

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Bank of America (BAC)