Bank of America

BAC-N

NYSE:BAC

23.45
1.31 (5.92%)
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
TOP PICK
TOP PICK
March 30, 2020
It is probably the highest quality bank in the US. Here it is EBV -3, 'at the blue'. This is a great opportunity. Insiders every day they are literally getting rid of regulations in terms of capital hits etc. Every day they strike out punitive regulations so when this is all said and done, these banks are going to be really good value. (Analysts’ price target is $32.92)
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Bank of America (BAC-N)
March 30, 2020
It is probably the highest quality bank in the US. Here it is EBV -3, 'at the blue'. This is a great opportunity. Insiders every day they are literally getting rid of regulations in terms of capital hits etc. Every day they strike out punitive regulations so when this is all said and done, these banks are going to be really good value. (Analysts’ price target is $32.92)
PAST TOP PICK
PAST TOP PICK
March 12, 2020
(A Top Pick May 21/19, Down 27%) Could take a position with fresh cash now. Trading well below book value. Lots of capital. In very good shape, and will continue to grow book value. Payout ratio in 25% range. Room to grow the dividend.
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Bank of America (BAC-N)
March 12, 2020
(A Top Pick May 21/19, Down 27%) Could take a position with fresh cash now. Trading well below book value. Lots of capital. In very good shape, and will continue to grow book value. Payout ratio in 25% range. Room to grow the dividend.
BUY
BUY
February 21, 2020

He still likes investing in US financials. A lot of the banks have emerged from the 2008 crisis with much improved balance sheets and efficiencies. BAC-N has continued to grow deposits. They have also invested in technology to add peer-to-peer payments. They have made their own AI for customers and investors.

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Bank of America (BAC-N)
February 21, 2020

He still likes investing in US financials. A lot of the banks have emerged from the 2008 crisis with much improved balance sheets and efficiencies. BAC-N has continued to grow deposits. They have also invested in technology to add peer-to-peer payments. They have made their own AI for customers and investors.

Ian Fung

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Price
$34.235
Owned
Unknown
COMMENT
COMMENT
February 19, 2020

BAC vs C? He bought BAC-N at $6 and expects it to go towards $40. He could see people buying it on momentum. He does not know C-N as well. He would not race in to buy either one at these levels. It was a sector way out of favour back in 2008, when he bought in.

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Bank of America (BAC-N)
February 19, 2020

BAC vs C? He bought BAC-N at $6 and expects it to go towards $40. He could see people buying it on momentum. He does not know C-N as well. He would not race in to buy either one at these levels. It was a sector way out of favour back in 2008, when he bought in.

BUY
BUY
February 6, 2020
Trades at 1.2x book. Great story at these levels. Can increase dividend or buy back shares. Nothing to worry about regulatory-wise, so they can grow their business nicely. (Analysts’ price target is $37.00)
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Bank of America (BAC-N)
February 6, 2020
Trades at 1.2x book. Great story at these levels. Can increase dividend or buy back shares. Nothing to worry about regulatory-wise, so they can grow their business nicely. (Analysts’ price target is $37.00)
BUY
BUY
January 30, 2020

BAC vs. WFC Trading at same valuation. WFC yield is a bit higher, but has more scandals which continue to hurt their brand. Missed earnings, and missed 8 of last 12 quarters. BAC is more diversified in capital markets. BAC has beaten 12 of last 12 quarters. BAC has outperformed WFC since 2011.

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Bank of America (BAC-N)
January 30, 2020

BAC vs. WFC Trading at same valuation. WFC yield is a bit higher, but has more scandals which continue to hurt their brand. Missed earnings, and missed 8 of last 12 quarters. BAC is more diversified in capital markets. BAC has beaten 12 of last 12 quarters. BAC has outperformed WFC since 2011.

COMMENT
COMMENT
January 29, 2020

BAC vs. JPM Driving US banks is a strong economy and flat yield curve. Unlike last year, bank movement now will be on a valuation basis. JPM trades at a 50% premium to book value, and BAC at book value, but Citibank (which he owns) trades at 70% book value and is narrowing that gap. Citi is his choice.

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Bank of America (BAC-N)
January 29, 2020

BAC vs. JPM Driving US banks is a strong economy and flat yield curve. Unlike last year, bank movement now will be on a valuation basis. JPM trades at a 50% premium to book value, and BAC at book value, but Citibank (which he owns) trades at 70% book value and is narrowing that gap. Citi is his choice.

BUY
BUY
January 23, 2020

Have interest rates bottomed out? JPM's earnings were spectacular and so he thinks there is no reason why this one can't do as well. He prefers JPM-N from an execution point of view.

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Bank of America (BAC-N)
January 23, 2020

Have interest rates bottomed out? JPM's earnings were spectacular and so he thinks there is no reason why this one can't do as well. He prefers JPM-N from an execution point of view.

BUY WEAKNESS
BUY WEAKNESS
January 21, 2020
$35 seems to be resistance Has a pretty good breakout, so the outlook is good. It's overbought. Buy around $32.50.
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Bank of America (BAC-N)
January 21, 2020
$35 seems to be resistance Has a pretty good breakout, so the outlook is good. It's overbought. Buy around $32.50.
BUY
BUY
January 20, 2020
BAC is a little rich now, but is growing well, especially in digital banking which is very profitable. They're returning lots of capital through dividend rises. He expects the yield curve to steepen; we're pushing the envelope in fiscal stimulus.
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Bank of America (BAC-N)
January 20, 2020
BAC is a little rich now, but is growing well, especially in digital banking which is very profitable. They're returning lots of capital through dividend rises. He expects the yield curve to steepen; we're pushing the envelope in fiscal stimulus.
COMMENT
COMMENT
January 15, 2020

BAC-N or C-N? He owns BAC and liked their recent earnings announcement. BAC is more of a traditional structure, but is more conservative as a result. C has more leverage however. The US banking sector looks good and is well priced. He would buy more BAC on weakness on a pullback.

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Bank of America (BAC-N)
January 15, 2020

BAC-N or C-N? He owns BAC and liked their recent earnings announcement. BAC is more of a traditional structure, but is more conservative as a result. C has more leverage however. The US banking sector looks good and is well priced. He would buy more BAC on weakness on a pullback.

COMMENT
COMMENT
January 10, 2020

BAC-N vs C-N? When Donald Trump became President, he bought both these stocks. He thinks BAC-N can go to $36.84 and stays around his definition of book value. C-N has moved up on positive fundamentals and he sees $114 as value. He would prefer C over BAC-N. Both should do well in the long run.

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Bank of America (BAC-N)
January 10, 2020

BAC-N vs C-N? When Donald Trump became President, he bought both these stocks. He thinks BAC-N can go to $36.84 and stays around his definition of book value. C-N has moved up on positive fundamentals and he sees $114 as value. He would prefer C over BAC-N. Both should do well in the long run.

PAST TOP PICK
PAST TOP PICK
January 10, 2020
(A Top Pick Jan 18/19, Up 21%) Steepening yield curve and improving US economy will help. Still room to grow at 8% and is priced at 11x PE. Still value here. US banks release earnings soon. Maybe their earnings are peaking, but banks will keep rising due to corporate and consumer confidence.
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Bank of America (BAC-N)
January 10, 2020
(A Top Pick Jan 18/19, Up 21%) Steepening yield curve and improving US economy will help. Still room to grow at 8% and is priced at 11x PE. Still value here. US banks release earnings soon. Maybe their earnings are peaking, but banks will keep rising due to corporate and consumer confidence.
PAST TOP PICK
PAST TOP PICK
January 8, 2020
(A Top Pick Feb 13/19, Up 25%) The US banks are in a sweet spot: lots of capital to buyback shares and raise capital with few regulatory issues. BAC is doing cost-cutting with layoffs. It trades at only 1.2x book value. The stock will rise.
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Bank of America (BAC-N)
January 8, 2020
(A Top Pick Feb 13/19, Up 25%) The US banks are in a sweet spot: lots of capital to buyback shares and raise capital with few regulatory issues. BAC is doing cost-cutting with layoffs. It trades at only 1.2x book value. The stock will rise.
BUY
BUY
January 8, 2020

JPM vs. BAC Both are first-class banks. He owns JPM which trades at a much higher valuation than BAC. Both are tops in their business lines. For the next 5-10 years they'll be in a sweet spot of reducing costs with few regulatory issues to deal with. They'll use tech to drive their business, an advantage for larger banks who can afford that. They will do some small acquisitions. They should be trading at higher multiples. Cash flow allows them to raise dividends and buyback shares. Their payout ratios are much lower than those of Canadian banks.

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Bank of America (BAC-N)
January 8, 2020

JPM vs. BAC Both are first-class banks. He owns JPM which trades at a much higher valuation than BAC. Both are tops in their business lines. For the next 5-10 years they'll be in a sweet spot of reducing costs with few regulatory issues to deal with. They'll use tech to drive their business, an advantage for larger banks who can afford that. They will do some small acquisitions. They should be trading at higher multiples. Cash flow allows them to raise dividends and buyback shares. Their payout ratios are much lower than those of Canadian banks.

Showing 1 to 15 of 1,148 entries

Bank of America(BAC-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 32

Neutral - Hold Signals / Votes : 6

Bearish - Sell Signals / Votes : 10

Total Signals / Votes : 48

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, 48 stock analysts published opinions about BAC-N. 32 analysts recommended to BUY the stock. 10 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 Brian Acker, CA on 2020-03-30. 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?

48 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 2020-04-08, Bank of America (BAC-N) stock closed at a price of $23.45.