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Bank of America

BAC-N

NYSE:BAC

38.27
0.28 (0.73%)
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
COMMENT
COMMENT
July 19, 2021
They reported a big earnings beat driven by a huge reserve release. Sales disappointed though. Its most important business, consumer & business lending missed too, as did the global markets division. BAC is the most sensitive to interest rates, so the collapse in bond yields makes it difficult for them. This is one to buy, if you believe the Fed will raise interest rates.
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They reported a big earnings beat driven by a huge reserve release. Sales disappointed though. Its most important business, consumer & business lending missed too, as did the global markets division. BAC is the most sensitive to interest rates, so the collapse in bond yields makes it difficult for them. This is one to buy, if you believe the Fed will raise interest rates.
Jim Cramer - Mad Money
Price
$36.930
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
July 15, 2021
(A Top Pick Jul 30/20, Up 52.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BAC has triggered its stop at $38. We recommend covering the balance of the position. This will result in a net investment return of 48%, including the 50% previously recommended to cover.
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(A Top Pick Jul 30/20, Up 52.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BAC has triggered its stop at $38. We recommend covering the balance of the position. This will result in a net investment return of 48%, including the 50% previously recommended to cover.
BUY
BUY
July 14, 2021
BAC reported today and the markets are reacting negatively because loan growth was not as expected. The reason for this is because the economy is starting to do well and there's a ton of liquidity out there. There's not a lot of reason right now to go to banks for loans. Once people spend what they have, they'll have the confidence to go to the bank for a loan. This is a good opportunity to buy with both hands. Leveraged to a steepening yield curve.
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BAC reported today and the markets are reacting negatively because loan growth was not as expected. The reason for this is because the economy is starting to do well and there's a ton of liquidity out there. There's not a lot of reason right now to go to banks for loans. Once people spend what they have, they'll have the confidence to go to the bank for a loan. This is a good opportunity to buy with both hands. Leveraged to a steepening yield curve.
Gordon Reid
Price
$38.535
Owned
Yes
BUY
BUY
July 9, 2021
They report next week. If you believe the economy gets stronger and rates will rise rapidly, buy this.
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They report next week. If you believe the economy gets stronger and rates will rise rapidly, buy this.
Jim Cramer - Mad Money
Price
$40.040
Owned
Unknown
BUY
BUY
June 18, 2021

Biggest interest rate sensitivity among the US banks. The bond yields moving higher has benefitted BAC to outperform. This and JP Morgan are his core US Bank holdings.

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Biggest interest rate sensitivity among the US banks. The bond yields moving higher has benefitted BAC to outperform. This and JP Morgan are his core US Bank holdings.

John Zechner
Price
$38.780
Owned
Yes
TOP PICK
TOP PICK
June 15, 2021
Will benefit from very well from rising interest rates, but a lower rate will likely add more loan growth. They also boast strong investment and capital markets businesses. (Analysts’ price target is $43.04)
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Will benefit from very well from rising interest rates, but a lower rate will likely add more loan growth. They also boast strong investment and capital markets businesses. (Analysts’ price target is $43.04)
Gordon Reid
Price
$41.515
Owned
Yes
BUY
BUY
June 9, 2021
US financials are in a great position. Benefit from interest rates going higher. Will do well in capital markets and banking. US 10-year is back below 1.5%, and US banks have barely budged, so this signals a good time to buy. Still reasonably priced. Go long.
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US financials are in a great position. Benefit from interest rates going higher. Will do well in capital markets and banking. US 10-year is back below 1.5%, and US banks have barely budged, so this signals a good time to buy. Still reasonably priced. Go long.
James Telfser
Price
$42.450
Owned
Yes
PAST TOP PICK
PAST TOP PICK
May 20, 2021
(A Top Pick Jul 30/20, Up 68.4%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BAC continues to do well. We are now recommending to trail up the stop (from $30) to $38. If triggered, this would all but guarantee an investment return of 48% when considering the recommendation to cover 50% previously.
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(A Top Pick Jul 30/20, Up 68.4%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BAC continues to do well. We are now recommending to trail up the stop (from $30) to $38. If triggered, this would all but guarantee an investment return of 48% when considering the recommendation to cover 50% previously.
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%.
Showing 1 to 15 of 1,185 entries

Bank of America(BAC-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 15

Neutral - Hold Signals / Votes : 3

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 20

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, 20 stock analysts published opinions about BAC-N. 15 analysts recommended to BUY the stock. 2 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 Jim Cramer - Mad Money on 2021-07-19. 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?

20 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 2021-08-04, Bank of America (BAC-N) stock closed at a price of $38.27.