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

Likes this one longer-term and thinks it will make it through this but there are better plays out there. Would prefer Morgan Stanley (MS-N) or J.P. Morgan (JPM-N).

BUY

Still have challenges on the loan book and still a lot of consumer exposure on the mortgage side and consumer auto loans. There will be continued write-downs going forward. Have the ability to grow themselves out of these problems. For a long time horizon of 5 or 10 years it could make sense.

DON'T BUY

Chief executive, Ken Lewis has been a destroyer of value of this bank for years. Terrible collection of acquisitions over the years.

TOP PICK

Think they will benefit from the Merrill Lynch take out. Buy the stock at $7.50 and Sell Aug $8 Call at $2.10. Gives you a 50% return if this is called away in August.

SELL

Have fewer problems than CitiGroup (C-N). If you own and have some profits it would be wise to take some out. You have to watch and make sure that all the bad news is out on their investment portfolios.

DON'T BUY

On a 5-year hold, if the global economy was better, this could turn out to be better also. Probably true, but not for sure because of the possibility that it is so badly damaged they may under perform the market. Would wait to see if things got a little brighter.

DON'T BUY

Absolutely no visibility in their business. Nobody knows what is behind the balance sheet at this point. There is huge risk in this one.

DON'T BUY

Doesn't think the banks are out of the woods yet. This one is not in as dire a position as CitiGroup (C-N) was in but there are challenges. If she were playing in the US financial space, she would tend to go with a JP Morgan (JPM-N) but it is still too early.

DON'T BUY

Fallen below its $4 support. Too many unknowns with the Merrill Lynch acquisition. Any of the Canadian banks, especially Royal Bank (RY-T) or Bank of Nova Scotia (BNS-T), would be better investment choices if you want to be in financials.

TOP PICK

Did a nice job of acquiring competition in areas where they were not as strong. Bad thing about this bank are rumours of nationalization but he doesn't think it will happen. Could be an $8-$10 stock and in 3 years a $20-$25 stock. When he purchases this, he'll take a front month “out of the money” call giving him room for capital appreciation with a ratio of possibly 3 of them.

DON'T BUY

Highly volatile and you would have to have a very strong stomach to either go long or short. There are all kinds of issues and you don't know what the federal government is going to do. Eventually these companies will find a base and move sideways and don't try to get their first 100%.

PAST TOP PICK

(A Top Pick Feb 5/08.) Traded in and out and probably broke even.

SELL

(Market Call Minute.) There is too much uncertainty in the sector.

SELL

You don't know if the US banks are going to benefit longer-term from the bailout package or if they become nationalized. Would sell now while they are still worth something.

DON'T BUY

Bank Of America (BAC-N) and Citigroup (C-N) are big challenges to invest in. Low prices are telling you that investors are concerned that equity holders are going to get wiped out. Acquired a lot of their toxic debt through the Merrill Lynch deal more than they expected.

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Bank of America (BAC)