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BUY
Bank of America

Focused on retail banking, which is the most conservative. Good source of deposit funding. Bonds on balance sheet impair capital, but this is short term and doesn't imperil fundamental operations. Positive. CEO is solid.

banks
COMMENT
Bank of America

They see consumer spending growth petering out, but still 4% higher YOY, but this is a return to normalcy.

banks
PAST TOP PICK
Bank of America
(A Top Pick Nov 17/22, Down 24%)

Still owns it. BAC earnings beat recently. Fixed income and capital markets are still growing. Is trading below book value and pays a 3.5% dividend yield. During Covid, they invested in mortgage-backed securities, and they're now under water by $130 billion because rates are going up. That's an overhang that will continue until rates stabilize. But this isn't a risky regional bank, but diversified with strong segments.

banks
COMMENT
Bank of America
Reporting top- and bottom-line beats today

He had sold the banks (MS, BAC, but is long JPM) to buy QQQs, and he stands by that rotation. I any banks decline, it would be the regionals, which he's avoided since the spring crisis. His outlook on the banks is limited, given regulations restricting hoarding capital on the balance sheet, which will impede loan growth. Plus, the economy will start of contract. MS and BAC are good companies, but he'd rather buy the debt of these stocks, because their balance sheets will be fortified.

banks
PARTIAL SELL
Bank of America
Take profits?

A good bank. Never hurts to take profits. If you sell this, don't buy a Canadian bank, but another American bank to avoid the 30-day waiting rule.

banks
SELL
Bank of America

All banks were tainted with the US regional bank meltdown. Rising rates aren't helping. Normally, higher rates are better for banks but that many not be happening this time since some US mortgages rates are locked in for 30 years. We need to see rates stabilize before the banks bounce back. Take your losses now before tax-loss selling happens in December.

banks
BUY
Bank of America

Very interested in US banks, especially at these levels. Pulled back from $30s. Headwinds right now. Raising rates so quickly makes waves, which impact large financial institutions. Less than 0.9x book value. Capturing regional deposits. Executing well. A reasonable holding, not in as bad shape as Canadian banks.

banks
PAST TOP PICK
Bank of America
(A Top Pick Aug 16/22, Down 18%)

Banks have had troubles. Trading below book value, at 8x earnings. Early cycle vehicles, and we'll get there fairly soon. We'll either go through a recession, or have one declared null and void. Has $100B of underwater bonds, and the market's nervous. It's only a problem if they're forced to sell, as they'll earn less. Don't write it off just yet.

banks
TOP PICK
Bank of America

Holds about 10% of deposits in US. 9x earnings, almost 1x book, not expensive. Balance sheet has a lot of longer term debt, and people worry about this with higher rates. Diversified. Reducing costs and implementing AI. Must grow organically, not by acquisition. As economy does well, so well they. Loan losses are not a big issue. Good yield of 3.08%.

(Analysts’ price target is $35.92)
banks
TOP PICK
Bank of America

Best-in-class assets and management. Strong balance sheet. Retail focus, which is very stable. Banking turmoil in the US, but the biggest and the best continue to do well. Quality will prevail because it provides certainty. Great quarterly results. Yield is 3.08%. 

(Analysts’ price target is $35.92)
banks
Unspecified
Bank of America

U.S. banks are fairly priced and well capitalized. He bought BAC in the last cycle. Canadian banks are better performers so look there.

banks
TRADE
Bank of America

It's been broke twice in his career. US banks are cyclical; you can make, and lose, a lot of money. Right now, we're going up, so hold on, but remember to sell when you get to the top.

banks
PAST TOP PICK
Bank of America
(A Top Pick Jun 29/22, Up 6%)

Lots of capital. Trading at book value. Stock's worth around $50. Banking issues in US were at the regional level. Big banks were hardly affected, continue to grab market share. Underlying businesses doing well. Yield is 3.3%.

banks
BUY
Bank of America

Just re-bought after selling it in March. He needed bank exposure, so he bought BAC again. He expects the economy to have a soft or no landing.

banks
HOLD
Bank of America

Owns shares in company, and waiting for increase in share price.
Bank fundamentals strong - excellent balance.
Expecting better results going forward.
Very inexpensive stock at current trading price.
Once fear of recession passes, will perform better. 

banks
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Bank of America(BAC-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 15

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 4

Total Signals / Votes : 21

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, 21 stock analysts published opinions about BAC-N. 15 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is . 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 on . 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?

21 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 2023-11-27, Bank of America (BAC-N) stock closed at a price of $29.56.