Bank of America (BAC)

All banks were tainted with the US regional bank meltdown. Rising rates aren't helping. Normally, higher rates are better for banks but that may not be happening this time since some US mortgage rates are locked in for 30 years. We need to see rates stabilize before the banks bounce back. Take your losses now before tax-loss selling happens in December.

Very interested in US banks, especially at these levels. Pulled back from $30s. Headwinds right now. Raising rates so quickly makes waves, which impact large financial institutions. Less than 0.9x book value. Capturing regional deposits. Executing well. A reasonable holding, not in as bad shape as Canadian banks.

Banks have had troubles. Trading below book value, at 8x earnings. Early cycle vehicles, and we'll get there fairly soon. We'll either go through a recession, or have one declared null and void. Has $100B of underwater bonds, and the market's nervous. It's only a problem if they're forced to sell, as they'll earn less. Don't write it off just yet.

Holds about 10% of deposits in US. 9x earnings, almost 1x book, not expensive. Balance sheet has a lot of longer term debt, and people worry about this with higher rates. Diversified. Reducing costs and implementing AI. Must grow organically, not by acquisition. As economy does well, so well they. Loan losses are not a big issue. Good yield of 3.08%.

Best-in-class assets and management. Strong balance sheet. Retail focus, which is very stable. Banking turmoil in the US, but the biggest and the best continue to do well. Quality will prevail because it provides certainty. Great quarterly results. Yield is 3.08%. 

U.S. banks are fairly priced and well capitalized. He bought BAC in the last cycle. Canadian banks are better performers so look there.

It's been broke twice in his career. US banks are cyclical; you can make, and lose, a lot of money. Right now, we're going up, so hold on, but remember to sell when you get to the top.

Lots of capital. Trading at book value. Stock's worth around $50. Banking issues in US were at the regional level. Big banks were hardly affected, continue to grab market share. Underlying businesses doing well. Yield is 3.3%.

Just re-bought after selling it in March. He needed bank exposure, so he bought BAC again. He expects the economy to have a soft or no landing.

Owns shares in company, and waiting for increase in share price.
Bank fundamentals strong - excellent balance.
Expecting better results going forward.
Very inexpensive stock at current trading price.
Once fear of recession passes, will perform better. 

It was a good play on higher interest rates with higher net interest margins. It beat in the last quarter but is down (and cheap) with the regional banking concerns in the U.S. even though it is not a regional bank. He is still holding but trimmed it and others last year because of big capital gains.

Second-largest in the US, next to JPM. CEO has turned it around. Big banks are highly regulated compared to regionals. Lots of cash to increase dividends and such. Great retail business, investment banking and wealth management, credit card segment. Trading below book value. Yield is 3.27%.

Great opportunity, as it's trading below book value at 0.85x. Rising wages are a concern for every company. Benefited in deposits from smaller banks going under. Will see more share buybacks and dividend increases. Financials benefit from the early part of an economic cycle. Yield is 3.75%.

Has sold shares in company.
Large deposits entering big banks with recent banking scares.
Does not like US banking system regulations.
Believes Canadian banking system has better opportunity. 

Believes business is strong and has good long term prospects.
Well positioned from recovering US economy.
Excellent balance sheet with good business model.
Would recommend holding shares in the company.