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Showing 1 to 15 of 1,191 entries
BUY
He owns both. They're different banks: MS is far less sensitive to loan growth, as over 50% of revenues come from wealth management (they bought etrade and Eaton Vance). BAC is the US bank most sensitive to interest rate moves; their loan book is crucial to their growth. He likes both and both reported strongly last week. BAC has a slightly better valuation than MS, so it gets the edge.
banks
BUY
They reported yesterday, a beautiful quarter. Revenue was much higher than expected, 12% YOY, while overall expenses were roughly flat, meaning 58% earnings growth. Their deposit base rose 15% YOY, driven by their online banking platform. BAC is the most levered of US banks to interest rates which are expected to climb. He targets $50.
banks
BUY
They report Thursday. BAC could have an earnings breakout, because long-term interest rates will rise.
banks
PAST TOP PICK
(A Top Pick Sep 14/20, Up 71%) He'd continue to hold, and he'd buy it here. Banks will continue to do well over the next little while. Reserves are coming back into earnings. Dividend increases and share buybacks are coming. Steepening yield curves will allow the banks to stabilize net interest income. Good prospects in a growing economy.
banks
BUY

Trades cheaply to the best-in-class in banks. Likes their capital return program, while their M&A and sales businesses are humming alone. Better than JPM.

banks
PAST TOP PICK
(A Top Pick Aug 08/20, Up 78%) He was stunned when US banks lagged in 2020 as the FAANGs rose. So the banks offered better valued and still do. Governments around the world won't let their banks crash again (as in 2008). Banks have been building balance sheets and avoiding very risky areas. Finally, the market has accepted the banks. Interest rates and the yield curve will stabilize.
banks
COMMENT
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.
banks

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PAST TOP PICK
(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.
banks
BUY
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.
banks
BUY
They report next week. If you believe the economy gets stronger and rates will rise rapidly, buy this.
banks
BUY

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.

banks
TOP PICK
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)
banks
BUY
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.
banks

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PAST TOP PICK
(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.
banks
TOP PICK
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)
banks
Showing 1 to 15 of 1,191 entries

Bank of America(BAC-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 18

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 1

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. 18 analysts recommended to BUY the stock. 1 analyst 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 2021-10-20, Bank of America (BAC-N) stock closed at a price of $47.09.