NYSE:BAC

Bank of America (BAC)

50.56
-0.52 (1.02%)
as of Oct 23, 2026, 8:00:00 pm Market Closed.
708 watching
0
TOP PICK
Yield of about 8%. Trading below book. Some of their acquisitions may not look good now but longer term they will be good. Own 10% of all the deposits in the US, which is a big advantage. One of the big issues they may have to face is that they are a big credit card company.
COMMENT
Doesn't think they yield is realistic and expects it will fall. Thinks the current price will hold. Dealing with internal organization issues.
BUY
Increasing their stake in the Chinese Construction Bank, the 3rd largest bank in China, was a bit of a surprise. Hasn't seen anything to suggest that the government is upset about this. Acquisition of Merrill Lynch will hopefully provide them with counter cyclical strength as well as some good opportunities. Next 3 months you might be able to get it cheaper but this is a good opportunity.
DON'T BUY
(Market Called Minute.) Getting down to a level where you would think it was pretty good. Balance sheets of US banks still give him the heebie-jeebies. There is a possibility of a dividend cut.
TOP PICK
Trading below book. 5% yield. Purchase of Countrywide will work out and was a good acquisition. Acquisition of Merrill Lynch gives them universal banking, which is good for them longer-term.
TOP PICK
This is a bank that has made some astute acquisitions that are going to work out incredibly well.
BUY
Made a couple of very attractive acquisitions and going forward you are going to get a banking system that looks a lot more like the Canadian system. Bank of America is going to be one of the surviving 5 or 6. Don’t buy this if you think the US is headed for a depression, which he doesn’t feel.
TRADE
Still a lot of risk. It will end. Will be one of the survivors. Crummy earnings this week not a surprise.
TRADE
.8 times book. He is finally stopping saying that it is not a buy, but won’t say it IS a buy.
RISKY
They may emerge as THE dominant retailer, or they may have taken on too much risk.
BUY
(Market Call Minute.) The Merrill Lynch deal is a very good one. One of the major US commercial banks that will not be allowed to go under.
BUY
One of the higher quality franchises in the US. Gaining deposits. A big mistake last year was the Acquisition of Countrywide. This bank will be a survivor. 8% yield may not be sustainable. Valuation on a book value level is at a trough level.
DON'T BUY
This one has been a relatively strong stock in the past few weeks. However, they are still faced with the problems of Countrywide. If there is another wave of doubt regarding the financials, every bank will be hit by it.
DON'T BUY
Outlook for US banks is not good. There is still more bad news to come. Expecting more write-offs of bad paper. This means they will be capital restrained and will have to raise capital.
DON'T BUY
If he was forced to pick one US financial, this would be okay but they bought countrywide and they took on a massive mortgage exposure. A relatively strong investment banking business. He would suggest you not buy any but if you had to, this would be a safe one to buy.
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