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.
BAC vs. Wells Fargo? He's long the U.S. banks more than Canadian ones, given better economic growth down there. BAC is at the top of the U.S. banks for earnings growth. Prefers BAC over Wells. Once Wells overcomes the recent customer service controversy, it'll take time for the bank to recover.