Bank of America

BAC-N

NYSE:BAC

42.01
0.62 (1.50%)
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
Chart
TOP PICK
TOP PICK
April 6, 2021
The yield curve is steepening which will help revenues. They have held reserves very well, and these are coming off and going to the bottom line now. The Fed after June will allow banks for buyback shares and increase their dividends, too. Also, BAC has lowered their costs and using technology more efficiently. The U.S. banks are seeing growth. Wealth management business is also increasing. It pays a reasonable dividend that's rising and it trades at only 13x PE. (Analysts’ price target is $38.63)
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The yield curve is steepening which will help revenues. They have held reserves very well, and these are coming off and going to the bottom line now. The Fed after June will allow banks for buyback shares and increase their dividends, too. Also, BAC has lowered their costs and using technology more efficiently. The U.S. banks are seeing growth. Wealth management business is also increasing. It pays a reasonable dividend that's rising and it trades at only 13x PE. (Analysts’ price target is $38.63)
Paul Harris, CFA
Price
$39.675
Owned
Yes
BUY
BUY
March 24, 2021
Financial services are poised to do well as rates push up net interest margins. Global markets, consumer banking, and wealth management. Well positioned with loan loss provision reversals.
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Bank of America (BAC-N)
March 24, 2021
Financial services are poised to do well as rates push up net interest margins. Global markets, consumer banking, and wealth management. Well positioned with loan loss provision reversals.
BUY WEAKNESS
BUY WEAKNESS
March 24, 2021
Let it come down a little, even though this group of banks is cheap, even after this run.
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Bank of America (BAC-N)
March 24, 2021
Let it come down a little, even though this group of banks is cheap, even after this run.
Jim Cramer - Mad Money
Price
$36.900
Owned
Unknown
TOP PICK
TOP PICK
March 19, 2021
New addition to their US large cap fund. Wanted to increase exposure to financial sector. Higher interest rates are positive for financials and they are still inexpensive. BAC is the most sensitive to this. Higher rates and steeper yield curves are positive for banks. $1B of reserve will come back in as well since things were less bad than thought. (Analysts’ price target is $37.06)
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Bank of America (BAC-N)
March 19, 2021
New addition to their US large cap fund. Wanted to increase exposure to financial sector. Higher interest rates are positive for financials and they are still inexpensive. BAC is the most sensitive to this. Higher rates and steeper yield curves are positive for banks. $1B of reserve will come back in as well since things were less bad than thought. (Analysts’ price target is $37.06)
Gordon Reid
Price
$38.530
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
February 25, 2021
(A Top Pick Jul 30/20, Up 44.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BAC has achieved its $36 objective. To be disciplined, we recommend covering 50% of the position. With a stop at $30 for the remainder, this would all but guarantee a minimum investment return exceeding 32%.
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Bank of America (BAC-N)
February 25, 2021
(A Top Pick Jul 30/20, Up 44.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BAC has achieved its $36 objective. To be disciplined, we recommend covering 50% of the position. With a stop at $30 for the remainder, this would all but guarantee a minimum investment return exceeding 32%.
HOLD
HOLD
February 18, 2021
Likes the large, multi-centre banks. BAC is in the sweet spot, as it's the most sensitive to a steeper yield curve. The longer end is rising, and the Fed doesn't have as much control over this. The spread is rising, so the banks can make more money on interest income. Stay with it.
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Bank of America (BAC-N)
February 18, 2021
Likes the large, multi-centre banks. BAC is in the sweet spot, as it's the most sensitive to a steeper yield curve. The longer end is rising, and the Fed doesn't have as much control over this. The spread is rising, so the banks can make more money on interest income. Stay with it.
Gordon Reid
Price
$34.220
Owned
No
PAST TOP PICK
PAST TOP PICK
February 11, 2021
(A Top Pick Jul 30/20, Up 31.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BAC is progressing well. We recommend trailing up the stop (from $25) to $30. This would all but guarantee a minimum investment return exceeding 20%.
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Bank of America (BAC-N)
February 11, 2021
(A Top Pick Jul 30/20, Up 31.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BAC is progressing well. We recommend trailing up the stop (from $25) to $30. This would all but guarantee a minimum investment return exceeding 20%.
Stockchase Research
Price
$32.775
Owned
Unknown
TOP PICK
TOP PICK
January 27, 2021
10% of all U.S. deposits is with BAC. Net interest income is lower because of very low interest rates though is stabilizing. It trades at 1.1x book and pays a 2.3% dividend. Has a great balance sheet, and credit card, investment banking and wealth management businesses. They've done a good job cutting costs. The CEO steered them out of the difficult post-2009 era. Banking cost structures will change a lot in coming years due to blockchain. (Analysts’ price target is $35.69)
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Bank of America (BAC-N)
January 27, 2021
10% of all U.S. deposits is with BAC. Net interest income is lower because of very low interest rates though is stabilizing. It trades at 1.1x book and pays a 2.3% dividend. Has a great balance sheet, and credit card, investment banking and wealth management businesses. They've done a good job cutting costs. The CEO steered them out of the difficult post-2009 era. Banking cost structures will change a lot in coming years due to blockchain. (Analysts’ price target is $35.69)
Paul Harris, CFA
Price
$29.915
Owned
Yes
COMMENT
COMMENT
January 15, 2021
It pulled back 3% Friday, but doesn't expect it to much after it reports next week. US banks need to deliver a blow-out to impress investors. A simple beat isn't enough.
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Bank of America (BAC-N)
January 15, 2021
It pulled back 3% Friday, but doesn't expect it to much after it reports next week. US banks need to deliver a blow-out to impress investors. A simple beat isn't enough.
Jim Cramer - Mad Money
Price
$33.010
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
December 31, 2020
(A Top Pick Jul 30/20, Up 21.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK in BAC continues to do well. We are recommending setting a trailing stop at $25, just above the initial recommending entry level.
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Bank of America (BAC-N)
December 31, 2020
(A Top Pick Jul 30/20, Up 21.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK in BAC continues to do well. We are recommending setting a trailing stop at $25, just above the initial recommending entry level.
Stockchase Research
Price
$30.165
Owned
Unknown
TOP PICK
TOP PICK
December 24, 2020
Not cheap, at 11x earnings. CEO is undervalued. He's brought costs in line and improved retail side by spending on tech. In that sweet spot to take advantage of virtual banking. Great wealth management, credit card, and retail franchise businesses. Will continue to grow. Yield is 2.41%. (Analysts’ price target is $30.00)
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Bank of America (BAC-N)
December 24, 2020
Not cheap, at 11x earnings. CEO is undervalued. He's brought costs in line and improved retail side by spending on tech. In that sweet spot to take advantage of virtual banking. Great wealth management, credit card, and retail franchise businesses. Will continue to grow. Yield is 2.41%. (Analysts’ price target is $30.00)
Paul Harris, CFA
Price
$29.960
Owned
Yes
HOLD
HOLD
December 16, 2020
Trend of falling rates was not favourable to banks. Times are changing. Rotation towards cyclicality. Some inflation is coming. Fed can control the short end of the curve, but not so much the long end. BAC is most sensitive to a steep yield curve. Just be patient. Good spot to be.
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Bank of America (BAC-N)
December 16, 2020
Trend of falling rates was not favourable to banks. Times are changing. Rotation towards cyclicality. Some inflation is coming. Fed can control the short end of the curve, but not so much the long end. BAC is most sensitive to a steep yield curve. Just be patient. Good spot to be.
Gordon Reid
Price
$28.600
Owned
No
DON'T BUY
DON'T BUY
November 18, 2020
BAC vs. Canadian banks Prefers the Canadian banks. They over-reserved on Covid losses, so there should be some earnings recovery in 2021-22. This hasn't happened with the US banks. Regulators still hate the US banks because of 2008. Canada is a cleaner environment for banks, and any of them would do.
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Bank of America (BAC-N)
November 18, 2020
BAC vs. Canadian banks Prefers the Canadian banks. They over-reserved on Covid losses, so there should be some earnings recovery in 2021-22. This hasn't happened with the US banks. Regulators still hate the US banks because of 2008. Canada is a cleaner environment for banks, and any of them would do.
Ross Healy
Price
$27.315
Owned
Unknown
BUY
BUY
October 13, 2020
He owns the big American banks. BAC has more of a retail operation than its investment. They did a good job turning around with its acquisitions. Well-positioned. They've held back in paying their dividends because of restrictions, and can't increase dividends or do buybacks. Overall, though, the banks are in good shape. He's been adding to his holding.
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Bank of America (BAC-N)
October 13, 2020
He owns the big American banks. BAC has more of a retail operation than its investment. They did a good job turning around with its acquisitions. Well-positioned. They've held back in paying their dividends because of restrictions, and can't increase dividends or do buybacks. Overall, though, the banks are in good shape. He's been adding to his holding.
John Zechner
Price
$25.015
Owned
Yes
TOP PICK
TOP PICK
September 23, 2020
Huge chunk of US retail deposits. Fantastic investment banking francise. CEO has done well navigating problems. Well capitalized. Trading at 0.8% of book value. Compelling opportunity. Exceptionally well run. Default rates not that bad. Growth is happening. Dividend sustainable. Election outcome won't have a negative impact. Yield is 3.01%. (Analysts’ price target is $27.77)
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Bank of America (BAC-N)
September 23, 2020
Huge chunk of US retail deposits. Fantastic investment banking francise. CEO has done well navigating problems. Well capitalized. Trading at 0.8% of book value. Compelling opportunity. Exceptionally well run. Default rates not that bad. Growth is happening. Dividend sustainable. Election outcome won't have a negative impact. Yield is 3.01%. (Analysts’ price target is $27.77)
Showing 1 to 15 of 1,177 entries

Bank of America(BAC-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 13

Neutral - Hold Signals / Votes : 3

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 18

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, 18 stock analysts published opinions about BAC-N. 13 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. 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 Paul Harris, CFA on 2021-04-06. 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?

18 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 2021-05-06, Bank of America (BAC-N) stock closed at a price of $42.01.