Stock price when the opinion was issued
Excellent growth rate. Prospects look strong for the company. Would be top US bank to pick at this time. Very strong balance sheet with good lending capabilities. Share price expected to continue to rise. Recent quarter results excellent - continue to beat expectations. Dividend very good and reliable.
A great example of “Where there’s smoke, there’s often fire”. They’ve had conflict of interests with sales practices, etc. Historically, they are now trading at a discount. The problem is, what originally started in the personal consumer bank, has now really bloomed out to some commercial practices and corporations. If it turns out this is really bank wide, you are dealing with a whole other can of worms. You always want a high-quality franchise such as Bank of America (BAC-N) or J.P. Morgan (JPM-N). (See Top Picks.)