Bank of America (BAC-N) Stock Predictions - Stockchase
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Bank of America (BAC-N)

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BAC-N

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Bank of America (BAC-N) SAVE

31.19

0.19 (0.61%)

Sep, 21, 2018, 12:00 am

OPINIONS

About Bank of America (BAC-N)

Bank of America Corporation is a multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is ranked 2nd on the list of largest banks in the United States by assets. More at Wikipedia

What the experts are saying about BAC-N



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Signal Opinion Expert
BUY
Bank of America(BAC-N) 

September 19, 2018

Trading at 1x book value, and in past bull markets has traded at 3-4x that. Not expensive and he sees a lot of upside in the US market. The US economy is growing and there's a little inflation in the system--tthese are great conditions for BAC. (The US banks underperformed, because they had a great run from Sept. 2017 to Feb. 2018.)

banks

Trading at 1x book value, and in past bull markets has traded at 3-4x that. Not expensive and he sees a lot of upside in the US market. The US economy is growing and there's a little inflation in the system--tthese are great conditions for BAC. (The US banks underperformed, because they had a great run from Sept. 2017 to Feb. 2018.)

banks
David Burrows

President , Barometer Capital Ma...

Price Price
$31.000
Owned Owned
Yes

HOLD
Bank of America(BAC-N) 

September 18, 2018

Well-run. All banks are sensitive to interest rates. BAC has a big investment banking operation. Its CEO has done well to maintain cost discipline. Boasts decent international exposure. All US banks have been stuck for the past year. As long as the US market holds, BAC will do well. He expects more investment to flow into the US banks.

banks

Well-run. All banks are sensitive to interest rates. BAC has a big investment banking operation. Its CEO has done well to maintain cost discipline. Boasts decent international exposure. All US banks have been stuck for the past year. As long as the US market holds, BAC will do well. He expects more investment to flow into the US banks.

banks
John O'Connell,

Chairman a, Davis Rea...

Price Price
$30.210
Owned Owned
No

BUY
Bank of America(BAC-N) 

September 12, 2018

Generally, he likes the US large cap banks. Trading above the 200-day moving average. At some point, interest rates will start picking up and net interest margins will move higher. Fairly cheap. As long as the global and US economies continue to do well, the stock will do fine. Lower tax rate and less regulation are positives. Yield is just under 2%. (Analysts’ price target is just above $34.)

banks

Generally, he likes the US large cap banks. Trading above the 200-day moving average. At some point, interest rates will start picking up and net interest margins will move higher. Fairly cheap. As long as the global and US economies continue to do well, the stock will do fine. Lower tax rate and less regulation are positives. Yield is just under 2%. (Analysts’ price target is just above $34.)

banks
Stan Wong

Director &, Private Wealth Manag...

Price Price
$30.430
Owned Owned
Unknown

PAST TOP PICK
Bank of America(BAC-N) 

September 11, 2018

(Past Top Pick, Sept. 11, 2017, Up 34%) Many expected rising interest rates would push up US bank earnings, but people are holding record debt. Investors got ahead of the trade, but this is a good long-term story. Regulation rollbacks in banks will be a major tailwind. This is one of his major holdings.

banks

(Past Top Pick, Sept. 11, 2017, Up 34%) Many expected rising interest rates would push up US bank earnings, but people are holding record debt. Investors got ahead of the trade, but this is a good long-term story. Regulation rollbacks in banks will be a major tailwind. This is one of his major holdings.

banks
Darren Sissons

Vice Presi, Campbell Lee & Ross...

Price Price
$30.850
Owned Owned
Yes

COMMENT
Bank of America(BAC-N) 

September 4, 2018

US Banks are very successful and are trading at reasonable valuations, but he prefers Morgan Stanley to BAC.

banks

US Banks are very successful and are trading at reasonable valuations, but he prefers Morgan Stanley to BAC.

banks
Lorne Steinberg

President , Lorne Steinberg Weal...

Price Price
$31.140
Owned Owned
No

TOP PICK
Bank of America(BAC-N) 

August 30, 2018

Management is really up there in terms of reputation.  Model price is $32.70 or a 5% upside.  They increased their dividend a month and a half ago.  There is still more dividend growth coming.  The financials need to lead the bull market higher.  (Analysts’ target: $34.39).

banks

Management is really up there in terms of reputation.  Model price is $32.70 or a 5% upside.  They increased their dividend a month and a half ago.  There is still more dividend growth coming.  The financials need to lead the bull market higher.  (Analysts’ target: $34.39).

banks
Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$31.010
Owned Owned
Yes

TOP PICK
Bank of America(BAC-N) 

August 30, 2018

Own it for a long time. Very cheap. Have great growth prospects. Well capitalized. Trades at 1.1 times book and 10 times next year earnings. Regulation is coming down. Yield of 1.9%. They have a great global franchise. He likes that they are returning a lot of capital to shareholders via buybacks and they are increasing their dividends.  (Analysts’ price target is $34.39)

banks

Own it for a long time. Very cheap. Have great growth prospects. Well capitalized. Trades at 1.1 times book and 10 times next year earnings. Regulation is coming down. Yield of 1.9%. They have a great global franchise. He likes that they are returning a lot of capital to shareholders via buybacks and they are increasing their dividends.  (Analysts’ price target is $34.39)

banks
Paul Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$31.010
Owned Owned
Yes

COMMENT
Bank of America(BAC-N) 

August 21, 2018

Comparing this to Citigroup: he owns both stocks. Both came out of the 2008 crisis in worse shape than the other large money center banks; both have recovered substantially and are trading at a narrower discount to them now. He expects the gap to close further. Citi trades at a greater discount and has more upside potential.

banks

Comparing this to Citigroup: he owns both stocks. Both came out of the 2008 crisis in worse shape than the other large money center banks; both have recovered substantially and are trading at a narrower discount to them now. He expects the gap to close further. Citi trades at a greater discount and has more upside potential.

banks
Gordon Reid

President, GoodReid Investment ...

Price Price
$31.020
Owned Owned
Yes

DON'T BUY
Bank of America(BAC-N) 

August 20, 2018

Historically, the banks have been an underperforming industry. He owns zero banks. BAC is one of the better large cap banks, but they are very sensitive to interest rates. An investor is really guessing what the front-end of the interest rate curve will be.

banks

Historically, the banks have been an underperforming industry. He owns zero banks. BAC is one of the better large cap banks, but they are very sensitive to interest rates. An investor is really guessing what the front-end of the interest rate curve will be.

banks
David Fingold

VP and Por, Dynamic Funds...

Price Price
$30.870
Owned Owned
No

BUY
Bank of America(BAC-N) 

August 2, 2018

His target is $38 and change.  He paid $6.  He thinks there is at least 20% upside.  He is happy to sit and collect dividends on this one.  This has been a great play for him since 2008/9.

banks

His target is $38 and change.  He paid $6.  He thinks there is at least 20% upside.  He is happy to sit and collect dividends on this one.  This has been a great play for him since 2008/9.

banks
Benj Gallander

President, Contra the Heard Inv...

Price Price
$31.280
Owned Owned
Yes

BUY
Bank of America(BAC-N) 

August 2, 2018

He likes the stock and banks in the US. Ten years yield is at 3% and that is where you want it to be. If we get another bump up in the interest rates it would be great for the banks as they tend to borrow short and lend long. It sold off also.  

banks

He likes the stock and banks in the US. Ten years yield is at 3% and that is where you want it to be. If we get another bump up in the interest rates it would be great for the banks as they tend to borrow short and lend long. It sold off also.  

banks
Richard Croft

President, R.N. Croft Financial...

Price Price
$31.280
Owned Owned
Yes

BUY
Bank of America(BAC-N) 

July 23, 2018

Over the long term it is a great company.  The entire group of larger cap banks in the US are very well positioned.  They are as well capitalized as they have ever been.  They are benefiting from a strong US economy and housing market.  Loan losses have been very modest as housing prices continue to rise.  They trade at a pretty low PE multiple.  He thinks they will continue to do well.

banks

Over the long term it is a great company.  The entire group of larger cap banks in the US are very well positioned.  They are as well capitalized as they have ever been.  They are benefiting from a strong US economy and housing market.  Loan losses have been very modest as housing prices continue to rise.  They trade at a pretty low PE multiple.  He thinks they will continue to do well.

banks
Colin Stewart

CEO & Port, JC Clark Investments...

Price Price
$30.750
Owned Owned
Yes

PAST TOP PICK
Bank of America(BAC-N) 

July 20, 2018

(A Top Pick May 1/17 - Up 26%.) He thinks it is a great story. Continue to bring down costs. Continue to see growth. Trading around book value. Still a lot of upside.

banks

(A Top Pick May 1/17 - Up 26%.) He thinks it is a great story. Continue to bring down costs. Continue to see growth. Trading around book value. Still a lot of upside.

banks
Paul Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$29.670
Owned Owned
Yes

BUY
Bank of America(BAC-N) 

July 18, 2018

BAC vs Citibank: He feels BAC will go much higher. He likes it for its Merill Lynch investment banking and portfolio management side. There's nothing wrong with Citibank and it too will do better. He would add to his BAC position. He think U.S. banks in general will have another run.

banks

BAC vs Citibank: He feels BAC will go much higher. He likes it for its Merill Lynch investment banking and portfolio management side. There's nothing wrong with Citibank and it too will do better. He would add to his BAC position. He think U.S. banks in general will have another run.

banks
Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$30.130
Owned Owned
Yes

COMMENT
Bank of America(BAC-N) 

July 17, 2018

Well-run. This (and Morgan Stanley) were the most damaged banks in 2008, so they've had to grow their valuations since then. Now, they trade at a discount to book value. They're profitable, though struggling now with loan growth.

banks

Well-run. This (and Morgan Stanley) were the most damaged banks in 2008, so they've had to grow their valuations since then. Now, they trade at a discount to book value. They're profitable, though struggling now with loan growth.

banks
Gordon Reid

President, GoodReid Investment ...

Price Price
$30.010
Owned Owned
Yes

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