Bank of America

BAC-N

NYSE:BAC

33.54
0.58 (1.70%)
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
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.

Show full opinionHide full opinion
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.

Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.
Show full opinionHide full opinion
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.

Show full opinionHide full opinion
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.

BUY
BUY
January 7, 2020
He likes Bank of America along with Citi Group. These two are the banks he would favour. The fair market value is miles above the price it's trading at, but they are still suffering from the 2008 crisis. The best thing would be for them to pay a dividend. (Analysts’ price target is $36.29)
Show full opinionHide full opinion
Bank of America (BAC-N)
January 7, 2020
He likes Bank of America along with Citi Group. These two are the banks he would favour. The fair market value is miles above the price it's trading at, but they are still suffering from the 2008 crisis. The best thing would be for them to pay a dividend. (Analysts’ price target is $36.29)
COMMENT
COMMENT
December 31, 2019
2020 outlook? He bought another US bank and a US bank ETF a few months ago during a breakout. BAC and its peers are a little overbought and could retrace. Breakout at $32-33 will act as major support; the banks have a few good months, but can't forecast the entire year.
Show full opinionHide full opinion
Bank of America (BAC-N)
December 31, 2019
2020 outlook? He bought another US bank and a US bank ETF a few months ago during a breakout. BAC and its peers are a little overbought and could retrace. Breakout at $32-33 will act as major support; the banks have a few good months, but can't forecast the entire year.
BUY
BUY
December 27, 2019
He likes BoA over CitiGroup. They’re one of the leading mortgage providers and this segment will benefit them. They’ve also done a great job cleaning the house. (Analysts’ price target is $35.00)
Show full opinionHide full opinion
Bank of America (BAC-N)
December 27, 2019
He likes BoA over CitiGroup. They’re one of the leading mortgage providers and this segment will benefit them. They’ve also done a great job cleaning the house. (Analysts’ price target is $35.00)
HOLD
HOLD
December 20, 2019
A major money center bank in the US. He bought in early in the cycle and sold out in March when the Fed Reserve went to a loosening strategy. He saw that as a threat due to the risk to the interest rate curve. Now that the curve is steepening again, he sees this as a good hold now.
Show full opinionHide full opinion
Bank of America (BAC-N)
December 20, 2019
A major money center bank in the US. He bought in early in the cycle and sold out in March when the Fed Reserve went to a loosening strategy. He saw that as a threat due to the risk to the interest rate curve. Now that the curve is steepening again, he sees this as a good hold now.
BUY
BUY
December 16, 2019
He believes the target price is achievable but not in 12 months. Reconstruction over recent years is starting to pay off. He would consider this if you wanted a US bank but he prefers Canadian banks. (Analysts’ price target is $37.00)
Show full opinionHide full opinion
Bank of America (BAC-N)
December 16, 2019
He believes the target price is achievable but not in 12 months. Reconstruction over recent years is starting to pay off. He would consider this if you wanted a US bank but he prefers Canadian banks. (Analysts’ price target is $37.00)
DON'T BUY
DON'T BUY
December 10, 2019
Take profits? He's short the US banks and owns them. He expects interest rates to head down. Loan growth is anemic. What's great here? Either a stronger economy or interest rate hikes would excite him. BAC is more levered than its peers. Its valuation is full.
Show full opinionHide full opinion
Bank of America (BAC-N)
December 10, 2019
Take profits? He's short the US banks and owns them. He expects interest rates to head down. Loan growth is anemic. What's great here? Either a stronger economy or interest rate hikes would excite him. BAC is more levered than its peers. Its valuation is full.
PAST TOP PICK
PAST TOP PICK
November 27, 2019
(A Top Pick Nov 13/18, Up 23%) At the start of 2019, the Fed seemed accommodating. But now they're on hold, and this has been a real booster for the banks because they make money off the spread. He sold on the belief that he didn't want to be overly levered to a shallower yield curve.
Show full opinionHide full opinion
Bank of America (BAC-N)
November 27, 2019
(A Top Pick Nov 13/18, Up 23%) At the start of 2019, the Fed seemed accommodating. But now they're on hold, and this has been a real booster for the banks because they make money off the spread. He sold on the belief that he didn't want to be overly levered to a shallower yield curve.
Showing 1 to 15 of 1,141 entries