Bank of America (BAC) Buy, Sell or Hold

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Daily Stock Opinions and Ratings

Bank of America (BAC)

50.56

-0.52 (1.02%)

as of Oct 23, 2026, 8:00:00 pm Market Closed.

708 watching

BUY

He had sold it, then bought it back during the SVB crisis. A long term hold and run by a great CEO.

COMMENT

Doesn't own it nor hate it, though he owns many other big banks.

TOP PICK

Boring, but never let good prices go to waste. Regional banks' bleed out will benefit some of the bigger ones. They've all come down in price. This large, global franchise trades at under 7x 2024 earnings, with 13.6% annual compound growth rate. Beat last quarter.

Won't hurt you. If we don't have a soft landing, won't go down much more from here. Collect your dividend, and when we get to the other side, will really participate as interest rates start to come down. Really nice dividend of 3.06%.

(Analysts’ price target is $37.09)

DON'T BUY

BAC will be fine, but fine isn't enough in this environment in which banks face so much hostility. BAC though is a good, well-run bank.

TOP PICK

Believes top banks in USA makes sense for investors.
$120 billion has been raised by top 25 banks in the USA in the past month.
$3 Trillion is assets with hundreds of millions in revenues.
Very diversified business with multiple revenue stream.
Current share price presenting good buying opportunity (down 17% the past month).
Customers looking for safety in larger banks.
Trading at discount to book value.
Paying ~3% dividend yield.

TOP PICK

As opposed to 2008, big money-centre banks now have a chance to be the good guys. Liquidity problems will be the friend of these banks. Pristine balance sheet, excess capital, no depository risk. US government has de facto guaranteed bank deposits. Valuation metrics are all at 6 to 7-year lows (excepting the drop and recovery in 2020). Yield is 3.09%.

(Analysts’ price target is $40.44)

DON'T BUY

Shares shouldn't be this low, but banking is so despised now. Don't buy it now.

COMMENT

They report Friday. He's bullish the banks which will benefit from rate hikes. He expects BAC more consistently good numbers.

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BUY

Fine US bank. He likes the Canadian banks, but can't say anything bad about the US ones. He'd rather own JPM. He owns BRK.B, and Warren Buffett likes the US banks, so the guest has to be somewhat positive on them too.

PAST TOP PICK

(A Top Pick Dec 16/21, Down 24%) Banks have had a tough year. Banks didn't do well with near-zero interest rates, but loan growth was good. Now, rates are up so the loan business is up, but now the capital markets business is slumping. Plus there are recession worries, dampening sentiment of all banks. But BAC fundamentals are much better than 5 years ago, trading at better valuations. Eventually the banks will move up.

BUY ON WEAKNESS

A good entry point now to add to a position. Don't spend a lot. He likes the US banks and BAC. Banks have had a rough 2022 with inflation, but right now they look good. He would add a little on pullbacks. Capital ratios of banks look good.

TOP PICK

Continues to reduce costs and head counts mainly by using technology, important for banks. Great capital base. Trades at 1.2x book. With its large retail franchise, increasing rates are good for it. Next year, should do well in all its segments, so buy now. Excess capital. Over-reserves will be rolled into earnings next year. CEO's done a great job. Yield is 2.39%. (Analysts’ price target is $41.69)

PARTIAL BUY

Though he's bearish long term, an investor can nibble away here. Small caps are a good place to be, because of less exposure to the strong US dollar. Also, supply chain woes are easing. So, he has been adding to Goldman Sachs, Bank of America and Morgan Stanley. The market can move higher (short term). Caveat: Gas prices are up again, and inflation remains ridiculously high.

BUY

Good long-term hold. Premiere franchise. Most sensitive to interest rates. Investment banking hasn't worked for any of the banks. Different levers to pull at different times of the cycle. Inexpensive valuation of 10x earnings. Banks tend to do well early cycle, and the market's already starting to sniff that out.

WEAK BUY

When stocks inevitably turn around, you will see a bounce in both their wealth management businesses. Until then, trading revenues will be challenged in this environment. He is expecting only tepid earnings next week. Guidance from CEO's will be tepid.

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Bank of America (BAC)