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

Outlook for some of the big US banks is still pretty murky. Technically acting fairly well. This is a play on mortgages and should things continue to improve, they should do a little bit better. Has been tremendous dilution in some of the large banks and he feels it will be hard for them to get a return on equity going forward.

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HOLD

US banks are totally protected and too big to fail but there are still hundreds of billions of losses still to come that they will have to write off so it will be slow going. This one is better than Citigroup (C-N) as they are paying off their TARP. Good for the long-term. Doesn't pay a dividend so he prefers Canadian bank stocks.

PAST TOP PICK

(A Top Pick March 27/09. Up 34.67%.)

DON'T BUY

They are going to muddle through. Doesn’t believe you can understand what you are buying with US banks. Still too much stuff off the balance sheet and can’t judge if it is adequate.

TOP PICK

Sees the banking system in the US as starting to stabilize. Tarp money has been paid back. Expect there will be a very robust M&A season coming, which will benefit them. Also have Merrill Lynch and Countrywide, 2 very sound companies. Trading at 70% of Book. Things it has earning powers of $2.50-$3. Won't be without hiccups.

DON'T BUY

It is clearly in the category of too big to fail. US Government has made it clear they will not allow that bank to go down. If they have to raise more capital then that means dilution.

WAIT

We are now going horizontal. It would be a buy signal if the stock would break out. The Canadian Banks just had a break-out so they should be considered in stead.

DON'T BUY

Doesn’t own US stocks. Nervous about earnings. He is worried that the Canadian dollar will go much higher.

BUY

Thinks this will survive. Trading at 70% of book value. Trading at 7X next year's estimated earnings and you will make money over the next several years.

BUY

North American financials do need to start showing some leadership. Probably a sector that would turn as fast or faster than any other area. Has been a tremendous selloff in the last few weeks, which has been too far and too fast. If you believe the US economy will rebound and go stable, US financials are good area.

WAIT

(Market Call Minute) You could buy it and do well but he would wait.

DON'T BUY

Very concerned with what the US government will or will not do with new banking regulations. Earnings momentum seems pretty negative. Lofty PE of 17X earnings. Would be careful.

SELL

New CEO is out working the government, which is what is needed. This company is entirely based on what you think US government policy is going to be. .25% dividend. Canadian banks are better. If you own, consider taking profits.

HOLD

US financial stocks are starting to act a little bit better. US administration is going to be less punitive than it looked like they would be. Thinks their acquisitions, particularly Merrill Lynch, will work out relatively well for them.

BUY

US banking sector faces some challenges with increasing regulatory scrutiny, capital requirements and less favourable trading environment. This is probably not a bad one to own. Their purchase of Merrill Lynch was good giving them a lot more earning power. Trading at very low multiples. New CEO has to prove himself.

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Bank of America (BAC)