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

Loathe right now to own a US bank. Have shown themselves to be poor business people. Chased all the wrong kinds of business and got caught with their pants down. Still more to come. Also there are prospects of a recession in the US.

SELL

Model price of $36.89, a -3% differential. Thinks the US banks have a big head wind. Once we get through the credit crisis, (he thinks the federal reserve is letting inflation go) and once we get over this phase he expects a substantial increase in interest rates.

DON'T BUY

Would be a little cautious on this one. Not sure how good the Countrywide acquisition is going to be and could take 5 years before we know.

DON'T BUY

Had a big break below the 200-day moving average and continued to stay below the 200-day moving average. It does have a kind of double base happening which could mean it is starting to base build.

BUY

A great US institution that has been hit by this crisis. A great franchise with tremendous value. Trading at a valuation that has not been seen since the last recession. The snap-back coming out of recession can be enormous. Valuation on a PE basis does not look good as earnings are down but if they reverse some of their mortgage write-downs, it could have a big effect on values.

BUY

Biggest retail bank in the US and the big hits are taking place more on the institutional side. Dividend of 6% plus is very safe.

BUY

Very good franchise and well capitalized. The jury is out on the Countrywide acquisition. Doesn't think you will be able to judge this well for 2 or 3 years. They will be a very big player in the mortgage business, which is the reason for their acquisition. Thinks the 6.9% dividend is safe.

STRONG BUY

Would be a very strong Buy down here. Likes the name. Until recently, they have been able to avoid the whole subprime problem. Biggest US bank for deposits. Recently bought Countrywide Financial, which was the first time they got any exposure to the subprime market. Thinks it was a prudent investment for them. 6.5% dividend yield.

BUY

(Market Call Minute.) He has a model price of $45.64, a positive 6% differential. Would recommend it because of the 5% dividend yield.

RISKY

Held up better than a number of the other big banks. Made a controversial move of buying Countrywide Financial (CFC-N). Good dividend yield. Expects upside, but there is the risk of finding another big problem in the Countrywide portfolio.

DON'T BUY

All of the US banks are going to be looking at further write-downs as the subprime exposure continues. This is one of the higher quality American banks.

DON'T BUY

Has not been a fan of this bank. One of the more aggressive US banks. Its takeover of Countrywide Financial (CFC-N) may or may not work out but he thinks they just threw money away. US banks still vulnerable.

COMMENT

It is time to start picking away at opportunities. Not all the bad news is necessarily out yet. This one has a 6% yield and PE ratios below 10%. Doesn't have the exposure to the capital and investment markets that other banks have.

TOP PICK

Will have a tough time over the next couple of months. Think they stole Countrywide in their acquisition because, it was any other time, the antitrust laws would kick in. 2 years from now they will make a lot of money. 6% dividend.

PAST TOP PICK

(A Top Pick May 7/07. Down 16.5%.) A little disappointed on the Q4 results. Took a bigger hit than he anticipated. Still a long-term winner. More of a trading position for the next 6 months.

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Bank of America (BAC)