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

BUY

Basically believes that the banking system will muddle through this problem. A basket of these financials with the yields they’re offering can be a very effective way to invest. Buy in measured proportions.

HOLD

Any time a whole industry is hurt, make sure you are well balanced and that you don't have too much of a bet on an industry or sector. Then you hang on until you get into a normalized period.

DON'T BUY

Very concerned about the risks in the US banking industry. Speculation. Could go lower. A lot of litigation risks.

WATCH

Looking at this one. Have remained fairly clean during this subprime crisis. Getting hit along with all the other financials. There are still massive write offs to come in the banks with level 3 assets. Doesn't know what they're exposure is to this. Wouldn't buy yet.

BUY

There will be noise and volatility with any of the banks. As a US bank, it has exposure to some of the issues there. Given its geographic diversification, size and scope, it could be an interesting one to pick up now. Dividend should be safe.

HOLD

Not cheap enough for him. His model price is $47.65, a 15% positive differential. Earnings have come down and they have been taking write-offs.

WAIT

Expect that banks will lead the market out on the way back up. Don't be in a hurry to buy.

TOP PICK

(A Top Pick Nov 22/06. Down 22.9%.) Investors are very scared of the subprime, etc. problems and they have some components on their balance sheet. This won't take them down as this is a more conservatively run company. Trades at under 9X earnings. 6% dividend. Thinks it is close to a bottom here.

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DON'T BUY

For a long-term investor, a toe in the water of banks is not necessarily a bad thing, but there is no great hurry. Wait for the skies to clear a little bit.

BUY

Averaging down at this price is a very reasonable proposition, particularly if you have a 3 to 5 year view. Dividend yield is outstanding, well above a 10-year treasury bond.

PARTIAL BUY

A speculative buy. They are doing a lot of the backstopping of the SIV’s that are going on right now with Citigroup. Quality of the company is very good but there will be a lot of volatility in the short run. Dividend yield is 5.63%. Start an accumulation and if things turn out well than you can increase.

COMMENT

Still a lot of mystery on the books and he would not be buying into mystery. The market knows what some of a subprime mess is but doesn't know what some of the derivative exposure is, et cetera. If you own, he would trade around the position during a rally. There will be a lot of volatility in the sector.

BUY

Trades at a crazy 1.4X Book Value. A fantastic global bank. Technicals indicate that if it breaks $42, it will probably go down to $40 but probably no further.

DON'T BUY

Banks in general have been too conservative in writing down their asset backed commercial paper, SIV and sub prime loans. This bank is in the same boat as the others. They made one big mistake by throwing out a lifeline to Countrywide Financial (CFC-N) at about $16 - $17 in the stock is at about $9 and could go lower.

SELL

Wouldn't own any US banks right now.

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Bank of America (BAC)