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

A poor cousin of JPM. Had more difficulties through ’08 because of acquisitions that management made, such as Countrywide. Fed wants them to wait until later in the year before raising dividend.

WATCH

If they earn what they say then there is big, big upside, but you have to see them raise the dividend.

DON'T BUY

Roaring this year, but below a year ago. Have 8 Billion in costs to cut in a year. Next to no dividend. IF you want these, get a basket of them, but there are better things you could be holding.

TOP PICK

Almost a bipolar stock in that one quarter they lost $9 billion and in another made about $5 billion. Recently did a subprime settlement which is going to cost them $11 billion but have already put this aside in their reserves. Their acquisitions of Merrill Lynch and Countrywide could prove good for the company. Good management. Legal fees have been astronomical.

DON'T BUY

It is certainly cheap but what is their earnings power and prospects of stock price being lifted. This is a kind of trade he tends not to get too involved in. Doesn’t think Greece has any bearing except as a psychological factor. Would stay on the sidelines with most of the banks.

DON'T BUY

Not a favourite of his at all. You are taking on a degree of risk that is more akin to trading a stock as opposed to investing.

COMMENT

Thinks Wells Fargo (WFC-N) is a better proxy to this bank as easy as the mortgage book is all right. Thinks Bank of America does have more legs.

DON'T BUY

He won't touch any US financial until they start raising the dividend. A company that raises the dividend is giving the best insider signal on events going forward.

SELL

Sold into tax year-end and bought again. Fundamentals have not changed that much. Sold it a few months ago around this level. Sold because there are so many forces working against it.

BUY

Trying to raise a lot of capital this morning and are selling a lot of assets. Trading at less than 50% of Book Value. If you are a long term value holder and the way you look at financials, you would be attracted to it but there is always the risk in financials right now. He would be willing to take a risk and have a run at this one. You're not paying a lot. Expects a sharp recovery in financials some time over the next year with a 50% plus move.

PAST TOP PICK

(A Top Pick Oct 1/10. Down 61.1%.)

COMMENT

Sold his holdings a few months ago but is still a believer that over the long term, this bank has to do well if the US economy does well. Treasury is flattening the yield curve, making it difficult for the US banks to make money. There are a lot of risks in the banks but long-term they could do well.

RISKY

Regulators could step in. But he thinks BAC has been doing very well. He will either hit a grand slam or nothing. If company recovers the dividend should shoot up. Doesn’t think they will go bankrupt.

DON'T BUY

Would be very cautious with financials. With this one, you're looking at what the counter party risks out of Europe are, mortgage and real estate risks.

DON'T BUY

He will not be buying any US banks until they start raising their dividends. The dividend is the best signal that a company can give shareholders. Risk is way too high.

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Bank of America (BAC)