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

HOLD

One of the largest retail banks in the US. Bought Merrill Lynch so they added quite a bit of exposed capital market and to that extent they will benefit. They have other challenges with loan losses and commercial real estate. A mixed bag.

COMMENT

Will be reporting this week but it is a real mystery to be looking at any of the individual banks right now. Doesn't like the individual bank risk but prefers the whole sector through the SPDR Financial ETF (XLF-N). If you are doing individual banks, he would pick JP Morgan (JPM-N) and Goldman Sachs (GS-N) ahead of this one.

BUY ON WEAKNESS

Very risky financial services company and should only be a small portion of your financial services sector. Has Calls written on his whole position and is getting attractive premiums writing covered call options. Reduced his costs (original price mid-$5) to below $2. We consider buying below the $11 range.

TOP PICK

Financial industry is slowly being healed. Made 2 very controversial acquisitions, Countrywide and Merrill Lynch. Merrill Lynch's jewel is their stockbroker business, which is fantastic for the bank. Potential for growing its earnings over the next little while is quite substantial if they get it all right. Yield curve globally is incredibly steep and tanks mint money when this happens. Has 11% of all the deposits in the US.

DON'T BUY

Made all those acquisitions and it is still very scary to him. Still a lot of unknowns. About to go through a bad real estate cycle.

SELL

Going to have a really tough time. Move your money over to a Goldman Sachs (GS-N), JP Morgan (JPM-N) or Morgan Stanley (MS-N). Everyone else has fallen down and they are the last ones left.

DON'T BUY

As a banking investment, he doesn't like it.d

TOP PICK

Liquidity that came into the market from feds and around the world has added stability to the financial services sector. Acquisitions they made are very strong and they are good at integrating.

DON'T BUY

The problem for this bank will be that as the crisis evolves in the US will there be further write downs because of a shift into commercial real estate and the credit card side of things?

BUY

One of the banks that had the biggest problem with its balance sheets with the biggest decline and subsequent return. Had the stress test and the number was disappointing but not unexpected. Have a great deposit base and going forward can earn their way out of the current issues. Good buy looking ahead a couple of years forward.

WATCH

There has been a big recovery in the US bank stocks. There are still some risks. There are rumours that they have failed the Stress Test. They also have to raise some capital to survive the environment.

DON'T BUY

Unless you are a speculative investor, you would not invest in any US banks just yet.

DON'T BUY

To buy one of the major banks at this point seems very risky. Very little visibility.

TRADE

Stock is not very far from its low. Thinks there will be a turnaround in this stock.

WAIT

This is the tail of the S&P. Has along way to go to get above the 200. Key think is volume – it has not been there.

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Bank of America (BAC)