Bank of America

BAC-N

NYSE:BAC

23.56
1.05 (4.25%)
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

Analysis and Opinions about BAC-N

Signal
Opinion
Expert
BUY
BUY
July 8, 2020

A lot of negative sentiment has been out there regarding banks. BAC is a strong business, he favours JPM. They are both well diversified and have good valuations. The US banks were cleansed of the their toxic assets back in 2008-09. He would buy both.

Show full opinionHide full opinion

A lot of negative sentiment has been out there regarding banks. BAC is a strong business, he favours JPM. They are both well diversified and have good valuations. The US banks were cleansed of the their toxic assets back in 2008-09. He would buy both.

BUY
BUY
June 26, 2020
He has recommended it for a long time. A great franchise, with a good yield, trades at 10 times earnings and only 0.8 times book value. A very cheap buy here. They are top ranked in investment banking and wealth management. A very strong franchise and conservative capital ratios. You can buy it here. He thinks it should trade at 1.5 times book. Yield 3.2%
Show full opinionHide full opinion
He has recommended it for a long time. A great franchise, with a good yield, trades at 10 times earnings and only 0.8 times book value. A very cheap buy here. They are top ranked in investment banking and wealth management. A very strong franchise and conservative capital ratios. You can buy it here. He thinks it should trade at 1.5 times book. Yield 3.2%
PAST TOP PICK
PAST TOP PICK
May 11, 2020
(A Top Pick May 21/19, Down 19%) It is trading below book value. It is not a banking crisis. A lot of business comes from other areas. They stopped buybacks. They have room to increase dividends when things return to normal.
Show full opinionHide full opinion
(A Top Pick May 21/19, Down 19%) It is trading below book value. It is not a banking crisis. A lot of business comes from other areas. They stopped buybacks. They have room to increase dividends when things return to normal.
TOP PICK
TOP PICK
May 8, 2020
They came out as a too big to fail bank. Their reserves are going up thanks to QE. They took advantage of free money, while tightening lending. Yield 3.06% (Analysts’ price target is $26.50)
Show full opinionHide full opinion
They came out as a too big to fail bank. Their reserves are going up thanks to QE. They took advantage of free money, while tightening lending. Yield 3.06% (Analysts’ price target is $26.50)
TOP PICK
TOP PICK
March 30, 2020
It is probably the highest quality bank in the US. Here it is EBV -3, 'at the blue'. This is a great opportunity. Insiders every day they are literally getting rid of regulations in terms of capital hits etc. Every day they strike out punitive regulations so when this is all said and done, these banks are going to be really good value. (Analysts’ price target is $32.92)
Show full opinionHide full opinion
Bank of America (BAC-N)
March 30, 2020
It is probably the highest quality bank in the US. Here it is EBV -3, 'at the blue'. This is a great opportunity. Insiders every day they are literally getting rid of regulations in terms of capital hits etc. Every day they strike out punitive regulations so when this is all said and done, these banks are going to be really good value. (Analysts’ price target is $32.92)
PAST TOP PICK
PAST TOP PICK
March 12, 2020
(A Top Pick May 21/19, Down 27%) Could take a position with fresh cash now. Trading well below book value. Lots of capital. In very good shape, and will continue to grow book value. Payout ratio in 25% range. Room to grow the dividend.
Show full opinionHide full opinion
Bank of America (BAC-N)
March 12, 2020
(A Top Pick May 21/19, Down 27%) Could take a position with fresh cash now. Trading well below book value. Lots of capital. In very good shape, and will continue to grow book value. Payout ratio in 25% range. Room to grow the dividend.
BUY
BUY
February 21, 2020

He still likes investing in US financials. A lot of the banks have emerged from the 2008 crisis with much improved balance sheets and efficiencies. BAC-N has continued to grow deposits. They have also invested in technology to add peer-to-peer payments. They have made their own AI for customers and investors.

Show full opinionHide full opinion
Bank of America (BAC-N)
February 21, 2020

He still likes investing in US financials. A lot of the banks have emerged from the 2008 crisis with much improved balance sheets and efficiencies. BAC-N has continued to grow deposits. They have also invested in technology to add peer-to-peer payments. They have made their own AI for customers and investors.

COMMENT
COMMENT
February 19, 2020

BAC vs C? He bought BAC-N at $6 and expects it to go towards $40. He could see people buying it on momentum. He does not know C-N as well. He would not race in to buy either one at these levels. It was a sector way out of favour back in 2008, when he bought in.

Show full opinionHide full opinion
Bank of America (BAC-N)
February 19, 2020

BAC vs C? He bought BAC-N at $6 and expects it to go towards $40. He could see people buying it on momentum. He does not know C-N as well. He would not race in to buy either one at these levels. It was a sector way out of favour back in 2008, when he bought in.

BUY
BUY
February 6, 2020
Trades at 1.2x book. Great story at these levels. Can increase dividend or buy back shares. Nothing to worry about regulatory-wise, so they can grow their business nicely. (Analysts’ price target is $37.00)
Show full opinionHide full opinion
Bank of America (BAC-N)
February 6, 2020
Trades at 1.2x book. Great story at these levels. Can increase dividend or buy back shares. Nothing to worry about regulatory-wise, so they can grow their business nicely. (Analysts’ price target is $37.00)
BUY
BUY
January 30, 2020

BAC vs. WFC Trading at same valuation. WFC yield is a bit higher, but has more scandals which continue to hurt their brand. Missed earnings, and missed 8 of last 12 quarters. BAC is more diversified in capital markets. BAC has beaten 12 of last 12 quarters. BAC has outperformed WFC since 2011.

Show full opinionHide full opinion
Bank of America (BAC-N)
January 30, 2020

BAC vs. WFC Trading at same valuation. WFC yield is a bit higher, but has more scandals which continue to hurt their brand. Missed earnings, and missed 8 of last 12 quarters. BAC is more diversified in capital markets. BAC has beaten 12 of last 12 quarters. BAC has outperformed WFC since 2011.

COMMENT
COMMENT
January 29, 2020

BAC vs. JPM Driving US banks is a strong economy and flat yield curve. Unlike last year, bank movement now will be on a valuation basis. JPM trades at a 50% premium to book value, and BAC at book value, but Citibank (which he owns) trades at 70% book value and is narrowing that gap. Citi is his choice.

Show full opinionHide full opinion
Bank of America (BAC-N)
January 29, 2020

BAC vs. JPM Driving US banks is a strong economy and flat yield curve. Unlike last year, bank movement now will be on a valuation basis. JPM trades at a 50% premium to book value, and BAC at book value, but Citibank (which he owns) trades at 70% book value and is narrowing that gap. Citi is his choice.

BUY
BUY
January 23, 2020

Have interest rates bottomed out? JPM's earnings were spectacular and so he thinks there is no reason why this one can't do as well. He prefers JPM-N from an execution point of view.

Show full opinionHide full opinion
Bank of America (BAC-N)
January 23, 2020

Have interest rates bottomed out? JPM's earnings were spectacular and so he thinks there is no reason why this one can't do as well. He prefers JPM-N from an execution point of view.

BUY WEAKNESS
BUY WEAKNESS
January 21, 2020
$35 seems to be resistance Has a pretty good breakout, so the outlook is good. It's overbought. Buy around $32.50.
Show full opinionHide full opinion
Bank of America (BAC-N)
January 21, 2020
$35 seems to be resistance Has a pretty good breakout, so the outlook is good. It's overbought. Buy around $32.50.
BUY
BUY
January 20, 2020
BAC is a little rich now, but is growing well, especially in digital banking which is very profitable. They're returning lots of capital through dividend rises. He expects the yield curve to steepen; we're pushing the envelope in fiscal stimulus.
Show full opinionHide full opinion
Bank of America (BAC-N)
January 20, 2020
BAC is a little rich now, but is growing well, especially in digital banking which is very profitable. They're returning lots of capital through dividend rises. He expects the yield curve to steepen; we're pushing the envelope in fiscal stimulus.
COMMENT
COMMENT
January 15, 2020

BAC-N or C-N? He owns BAC and liked their recent earnings announcement. BAC is more of a traditional structure, but is more conservative as a result. C has more leverage however. The US banking sector looks good and is well priced. He would buy more BAC on weakness on a pullback.

Show full opinionHide full opinion
Bank of America (BAC-N)
January 15, 2020

BAC-N or C-N? He owns BAC and liked their recent earnings announcement. BAC is more of a traditional structure, but is more conservative as a result. C has more leverage however. The US banking sector looks good and is well priced. He would buy more BAC on weakness on a pullback.

Showing 1 to 15 of 1,152 entries

Bank of America(BAC-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 29

Neutral - Hold Signals / Votes : 4

Bearish - Sell Signals / Votes : 8

Total Signals / Votes : 41

Stockchase rating for Bank of America is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Bank of America(BAC-N) Frequently Asked Questions

What is Bank of America stock symbol?

Bank of America is a American stock, trading under the symbol BAC-N on the New York Stock Exchange (BAC). It is usually referred to as NYSE:BAC or BAC-N

Is Bank of America a buy or a sell?

In the last year, 41 stock analysts published opinions about BAC-N. 29 analysts recommended to BUY the stock. 8 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Bank of America.

Is Bank of America a good investment or a top pick?

Bank of America was recommended as a Top Pick by Chris Blumas on 2020-07-08. Read the latest stock experts ratings for Bank of America.

Why is Bank of America stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Bank of America worth watching?

41 stock analysts on Stockchase covered Bank of America In the last year. It is a trending stock that is worth watching.

What is Bank of America stock price?

On 2020-07-16, Bank of America (BAC-N) stock closed at a price of $23.555.