PAST TOP PICK
Bank of America
(A Top Pick Apr 29/22, Down 19%)

It was a good play on higher interest rates with higher net interest margins. It beat in the last quarter but is down (and cheap) with the regional banking concerns in the U.S. even though it is not a regional bank. He is still holding but trimmed it and others last year because of big capital gains.

banks
TOP PICK
Bank of America

Second-largest in the US, next to JPM. CEO has turned it around. Big banks are highly regulated compared to regionals. Lots of cash to increase dividends and such. Great retail business, investment banking and wealth management, credit card segment. Trading below book value. Yield is 3.27%.

banks
BUY
Bank of America

Great opportunity, as it's trading below book value at 0.85x. Rising wages are a concern for every company. Benefited in deposits from smaller banks going under. Will see more share buybacks and dividend increases. Financials benefit from the early part of an economic cycle. Yield is 3.75%.

banks
PAST TOP PICK
Bank of America
(A Top Pick Apr 18/22, Down 23%)

Has sold shares in company.
Large deposits entering big banks with recent banking scares.
Does not like US banking system regulations.
Believes Canadian banking system has better opportunity. 

banks
HOLD
Bank of America

Believes business is strong and has good long term prospects.
Well positioned from recovering US economy.
Excellent balance sheet with good business model.
Would recommend holding shares in the company. 

banks
BUY
Bank of America

He had sold it, then bought it back during the SVB crisis. A long term hold and run by a great CEO.

banks
COMMENT
Bank of America

Doesn't own it nor hate it, though he owns many other big banks.

banks
TOP PICK
Bank of America

Boring, but never let good prices go to waste. Regional banks' bleed out will benefit some of the bigger ones. They've all come down in price. This large, global franchise trades at under 7x 2024 earnings, with 13.6% annual compound growth rate. Beat last quarter. 

Won't hurt you. If we don't have a soft landing, won't go down much more from here. Collect your dividend, and when we get to the other side, will really participate as interest rates start to come down. Really nice dividend of 3.06%.

(Analysts’ price target is $37.09)
banks
DON'T BUY
Bank of America

BAC will be fine, but fine isn't enough in this environment in which banks face so much hostility. BAC though is a good, well-run bank.

banks
TOP PICK
Bank of America

Believes top banks in USA makes sense for investors.
$120 billion has been raised by top 25 banks in the USA in the past month.
$3 Trillion is assets with hundreds of millions in revenues.
Very diversified business with multiple revenue stream.
Current share price presenting good buying opportunity (down 17% the past month).
Customers looking for safety in larger banks.
Trading at discount to book value.
Paying ~3% dividend yield.

banks
TOP PICK
Bank of America

As opposed to 2008, big money-centre banks now have a chance to be the good guys. Liquidity problems will be the friend of these banks. Pristine balance sheet, excess capital, no depository risk. US government has de facto guaranteed bank deposits. Valuation metrics are all at 6 to 7-year lows (excepting the drop and recovery in 2020). Yield is 3.09%.

(Analysts’ price target is $40.44)
banks
DON'T BUY
Bank of America

Shares shouldn't be this low, but banking is so despised now. Don't buy it now.

banks
COMMENT
Bank of America
They report Friday. He's bullish the banks which will benefit from rate hikes. He expects BAC more consistently good numbers.
banks
BUY
Bank of America
Fine US bank. He likes the Canadian banks, but can't say anything bad about the US ones. He'd rather own JPM. He owns BRK.B, and Warren Buffett likes the US banks, so the guest has to be somewhat positive on them too.
banks
PAST TOP PICK
Bank of America
(A Top Pick Dec 16/21, Down 24%) Banks have had a tough year. Banks didn't do well with near-zero interest rates, but loan growth was good. Now, rates are up so the loan business is up, but now the capital markets business is slumping. Plus there are recession worries, dampening sentiment of all banks. But BAC fundamentals are much better than 5 years ago, trading at better valuations. Eventually the banks will move up.
banks
Showing 1 to 15 of 1,248 entries

Bank of America(BAC-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 13

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 16

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, 16 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 . 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?

16 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 2023-06-01, Bank of America (BAC-N) stock closed at a price of $27.78.