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

Bank of America (BAC-N) and Citibank (C-N) have become trading vehicles. Enormous volatility/volume on a daily basis. Not many “investors” buying these stocks and won't buy until they understand what the implications are of the bailout and how toxic assets are going to be valued.

DON'T BUY

Will be a challenging time for them for the next 6 months. One need a better understanding of the valuations and understand how US will be putting a floor under the financial sector.

DON'T BUY

Too much risk. You don't know what is happening on the balance sheet on the acquisition they did recently. US financials are getting to a point where they are looking more like a Buy. He would prefer to play the sector through the SPDR Financial (XLF-N).

DON'T BUY

Stock is finally showing early signs of bottoming. Some of the short-term indicators have turned positive during the last 5-6 days. Trend is still on the downside though so wait until this is broken. Seasonality tends to be positive for the sector between November and May.

DON'T BUY

Have cut the dividend twice. A lot of risk with very little reward. Have a lot of irons in the fire that need to be dealt with.

BUY ON WEAKNESS

Sold when it broke below $10. Felt uncomfortable that some assets were getting difficult for them to handle requiring them to go back for more money. Merrill Lynch acquisition was clearly not working out. Buy this around $5. It will be one of the survivors.

HOLD

The good news is that they are too big to fail. The stock has been hit so hard that if you own it, you're better off to continue to hold.

COMMENT

Too big to fail however, the difficulty is if you are a minority shareholder your holdings could be diluted because of government funding. Prefers Canadian banks. Of the US banks, this is one that he likes.

SELL

Have gone back to the government for more money because there acquisition of Merrill Lynch has caused them financial duress. 12.5% yield raises red flags.

BUY

Well-capitalized balance sheet. Trades cheap to its BV. As long as you don't mind them buying Countrywide they will survive. The Fed is making it where the curve is very steep on their net interest margin spread. Probably not going anywhere for the next 6 to 9 months but expect there will be some visibility by September.

DON'T BUY

We'll have to spend a fair amount of time working off the bad debts instead of focusing on the growth part of the business.

BUY

Thinks the US financials have had everything wrung out of them. It's only going to get better from here.

DON'T BUY

The model price is $13.77, a -2.5% differential.

DON'T BUY

Preferreds: Yielding 12% because of the weakness in the balance sheet. Have made acquisitions but still have to do funding to move forward. Very speculative.

TOP PICK

Buy a Leap (long term option) and go as far as 2010/2011. Look for a Leap that is around 75 or 80 deltas. (Greek Variable?) Gives % change how much your option price will change with a corresponding movement in the stock price. (You would be buying Calls because you want to be Long.)

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Bank of America (BAC)