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

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Bank of America

BAC-N

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Bank of America (BAC-N) SAVE Apr, 25, 2019, 9:45 am

29.96 0.06 (0.2%)

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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PAST TOP PICK
Bank of America(BAC-N) 

April 22, 2019

(A Top Pick Apr 25/18, Up 1%) He sold some shares last December, and now is waiting-and-seeing. This and Citibank bought a lot of stock back recently. $32.26 is his current target price. If the Democrats take the White House in 2020, he'd sell all financials.
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(A Top Pick Apr 25/18, Up 1%) He sold some shares last December, and now is waiting-and-seeing. This and Citibank bought a lot of stock back recently. $32.26 is his current target price. If the Democrats take the White House in 2020, he'd sell all financials.
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Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$30.050
Owned Owned
Yes

DON'T BUY
Bank of America(BAC-N) 

April 22, 2019

BAC vs. WFC He sold WFC after briefly owning it, after hearing of its corporate malfeasance. Since, then, WF stock price has treaded water. The US Fed did an about-face by saying they will keep rates flat. So, he pared down his US bank holdings including BAC.
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BAC vs. WFC He sold WFC after briefly owning it, after hearing of its corporate malfeasance. Since, then, WF stock price has treaded water. The US Fed did an about-face by saying they will keep rates flat. So, he pared down his US bank holdings including BAC.
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Gordon Reid

President, GoodReid Investment ...

Price Price
$30.050
Owned Owned
No

HOLD
Bank of America(BAC-N) 

April 17, 2019

He owns more American banks than Canadian. He likes the longer term outlook for the space. Longer term BAC will continue higher.
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He owns more American banks than Canadian. He likes the longer term outlook for the space. Longer term BAC will continue higher.
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Norman Levine

Managing D, Portfolio Management...

Price Price
$30.030
Owned Owned
Unknown

SELL
Bank of America(BAC-N) 

April 10, 2019

If not BAC, what else? He has rolled over into ETFs instead of hard recommendations on an individual stock. He would recommend taking profits on BAC-N.
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If not BAC, what else? He has rolled over into ETFs instead of hard recommendations on an individual stock. He would recommend taking profits on BAC-N.
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Cameron Hurst

Chief Inve, Equium Capital Manag...

Price Price
$29.060
Owned Owned
No

BUY
Bank of America(BAC-N) 

April 9, 2019

The Fed will either pause or even cut interest rates. The trading range of the past year will likely break-out. His taret is $36. He likes this chart. Long-term BAC will do well.
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The Fed will either pause or even cut interest rates. The trading range of the past year will likely break-out. His taret is $36. He likes this chart. Long-term BAC will do well.
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Javed Mirza

Technical , Canaccord Genuity ...

Price Price
$28.805
Owned Owned
Unknown

PAST TOP PICK
Bank of America(BAC-N) 

April 9, 2019

(A Top Pick Apr 26/18, Down 2%) Still likes it. Trades at 10x earnings, a little above book value. Pays a 2.2% dividend. They can buyback their shares and increase their dividend at a 21% payout ratio that they can easily take to 40%. They rank 1, 2 or 3 in the industries they work in like investment banking and credit cards. They have a great opportunity to grow businesses as their book value grows rapidly. BAC can--and has--endure a period of flat yield curve.
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(A Top Pick Apr 26/18, Down 2%) Still likes it. Trades at 10x earnings, a little above book value. Pays a 2.2% dividend. They can buyback their shares and increase their dividend at a 21% payout ratio that they can easily take to 40%. They rank 1, 2 or 3 in the industries they work in like investment banking and credit cards. They have a great opportunity to grow businesses as their book value grows rapidly. BAC can--and has--endure a period of flat yield curve.
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Paul Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$28.805
Owned Owned
Yes

COMMENT
Bank of America(BAC-N) 

March 27, 2019

US banks have done better than Canadian ones, but is starting to falter because interest rates won't rise anymore. Canadian banks haven't suffered a real estate bear market as in America--and it may happen, as an American short-seller is touting. However, the Canadian banks are an oligopoly and protected by that. He prefers Canadian banks at this time in the market.
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US banks have done better than Canadian ones, but is starting to falter because interest rates won't rise anymore. Canadian banks haven't suffered a real estate bear market as in America--and it may happen, as an American short-seller is touting. However, the Canadian banks are an oligopoly and protected by that. He prefers Canadian banks at this time in the market.
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Gavin Graham

Trustee, Pointbreak ETFs...

Price Price
$27.030
Owned Owned
Unknown

BUY
Bank of America(BAC-N) 

March 26, 2019

BAC vs. C. Citigroup has never fully dealt with financial crisis issues. He'd prefer BAC. It's in a much better position on the retail side. He owns Goldman and Morgan Stanley. Whole sector is cheap because of interest rates and yield curve. Please don't buy stocks with only a 6-12 month time horizon. Mortgages are an issue, housing prices, if the economy softens. Extremely well run, decent margins. (Analysts’ price target is $33.00)
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BAC vs. C. Citigroup has never fully dealt with financial crisis issues. He'd prefer BAC. It's in a much better position on the retail side. He owns Goldman and Morgan Stanley. Whole sector is cheap because of interest rates and yield curve. Please don't buy stocks with only a 6-12 month time horizon. Mortgages are an issue, housing prices, if the economy softens. Extremely well run, decent margins. (Analysts’ price target is $33.00)
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Lorne Steinberg

President , Lorne Steinberg Weal...

Price Price
$27.210
Owned Owned
No

BUY
Bank of America(BAC-N) 

March 26, 2019

He likes it. It's raised its dividends. Investors are worried about consumer debt in the U.S., but debt service capacity is there, so he's not worried.
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He likes it. It's raised its dividends. Investors are worried about consumer debt in the U.S., but debt service capacity is there, so he's not worried.
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David Baskin

President, Baskin Wealth Manage...

Price Price
$27.210
Owned Owned
Yes

PAST TOP PICK
Bank of America(BAC-N) 

March 21, 2019

(A Top Pick Mar 14/18, Down 11%) The banks have not performed as well over the last year as he thought they would. Since the lows of Christmas eve, they are doing very well, but he is now cooler on the banks (see market comment at beginning of show). He is not as enthusiastic about banks as he was. He would prefer C-N if he was buying a bank.
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(A Top Pick Mar 14/18, Down 11%) The banks have not performed as well over the last year as he thought they would. Since the lows of Christmas eve, they are doing very well, but he is now cooler on the banks (see market comment at beginning of show). He is not as enthusiastic about banks as he was. He would prefer C-N if he was buying a bank.
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Gordon Reid

President, GoodReid Investment ...

Price Price
$28.180
Owned Owned
Yes

SELL
Bank of America(BAC-N) 

March 15, 2019

His advice is to take your profits now. He is negative on this sector. The banks started breaking down in late 2018. If you want to play the financials, he would go to India, such as Fairfax India and avoid the US.
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His advice is to take your profits now. He is negative on this sector. The banks started breaking down in late 2018. If you want to play the financials, he would go to India, such as Fairfax India and avoid the US.
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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$29.300
Owned Owned
No

HOLD
Bank of America(BAC-N) 

March 14, 2019

Q3 last year they made $7.2 billion. Q4 last year they made $7.3 billion. EPS is $2 and the dividend is $0.60. There is a lot of room there. He is holding as he thinks that it is more likely to see higher interest rates from here than lower interest rates. (Analysts’ price target is $33.09)
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Q3 last year they made $7.2 billion. Q4 last year they made $7.3 billion. EPS is $2 and the dividend is $0.60. There is a lot of room there. He is holding as he thinks that it is more likely to see higher interest rates from here than lower interest rates. (Analysts’ price target is $33.09)
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Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$29.460
Owned Owned
Yes

BUY
Bank of America(BAC-N) 

February 21, 2019

Still constructive on the name. A top pick at $12 a few years ago. They have done a great job at tightening risk controls and cost reductions. Last quarter they beat estimates. Credit quality still fine. They model EPS growth of 11% 2018-2020 and trading at 9 times 2020. Good value here.
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Still constructive on the name. A top pick at $12 a few years ago. They have done a great job at tightening risk controls and cost reductions. Last quarter they beat estimates. Credit quality still fine. They model EPS growth of 11% 2018-2020 and trading at 9 times 2020. Good value here.
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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$29.290
Owned Owned
Unknown

TOP PICK
Bank of America(BAC-N) 

February 19, 2019

Synthetic long Buy a January 2021 $30 call option to January 2021 (costing $3.60 today). Pay for this by selling a $30 put, so you're obligated to buy BAC at $30. If BAC goes above $30, then the call option is worth something and the put will expire. If below $30, the call will expire and the put will be exercised. He can take 50 cents into his pocket immediately. He has no cash outlay. He'd get dollar-for-dollar performance on the stock between now and Jan. 2021.
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Synthetic long Buy a January 2021 $30 call option to January 2021 (costing $3.60 today). Pay for this by selling a $30 put, so you're obligated to buy BAC at $30. If BAC goes above $30, then the call option is worth something and the put will expire. If below $30, the call will expire and the put will be exercised. He can take 50 cents into his pocket immediately. He has no cash outlay. He'd get dollar-for-dollar performance on the stock between now and Jan. 2021.
banks
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Richard Croft

President, R.N. Croft Financial...

Price Price
$29.130
Owned Owned
Yes

PAST TOP PICK
Bank of America(BAC-N) 

February 13, 2019

(A Top Pick Feb 12/18, Down 6%) He's bullish U.S. banks. BAC is doing a great job of re-structuring the company by bringing down costs and growing its core businesses. Also his Top Pick today.
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(A Top Pick Feb 12/18, Down 6%) He's bullish U.S. banks. BAC is doing a great job of re-structuring the company by bringing down costs and growing its core businesses. Also his Top Pick today.
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Paul Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$28.781
Owned Owned
Yes

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