Bank of America (BAC-N) Stock Predictions - Stockchase
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Bank of America (BAC-N)

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Bank of America

BAC-N

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Bank of America (BAC-N) SAVE Nov, 20, 2018, 11:38 pm

27.38 0.37 (1.33%)

About Bank of America (BAC-N)

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

What the experts are saying about BAC-N



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DON'T BUY
Bank of America(BAC-N) 

November 20, 2018

The US banks are one of the better parts of the market now, but there's also concern about Goldman Sachs' leverage sheet which casts a shadow over this entire space. He won't make any big moves here. He prefers JP Morgan, then BAC second. Sit tight and wait until the downward trend reverses. This could fall further to $26.
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The US banks are one of the better parts of the market now, but there's also concern about Goldman Sachs' leverage sheet which casts a shadow over this entire space. He won't make any big moves here. He prefers JP Morgan, then BAC second. Sit tight and wait until the downward trend reverses. This could fall further to $26.
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Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$27.380
Owned Owned
Unknown

COMMENT
Bank of America(BAC-N) 

November 16, 2018

For US financials, the bias is down for him. If you can get it around $23, that’s his entry point. Don’t chase it. Trend of lower highs is negative from a technical view.
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For US financials, the bias is down for him. If you can get it around $23, that’s his entry point. Don’t chase it. Trend of lower highs is negative from a technical view.
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Elliott Fishman

Director o, Trading Services Gro...

Price Price
$27.750
Owned Owned
Unknown

BUY
Bank of America(BAC-N) 

November 15, 2018

He likes the sector and this stock. Good valuation and decent long-term growth. Caveat: In the US, there's a growing emphasis on debt. Like 2007-8, if we were to see a debt issue emerge again, the banks would take it on the chin. Governance of US banks is good now. He's looking at this. It's one of the sounder stocks in this sector.
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He likes the sector and this stock. Good valuation and decent long-term growth. Caveat: In the US, there's a growing emphasis on debt. Like 2007-8, if we were to see a debt issue emerge again, the banks would take it on the chin. Governance of US banks is good now. He's looking at this. It's one of the sounder stocks in this sector.
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Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$27.900
Owned Owned
No

TOP PICK
Bank of America(BAC-N) 

November 13, 2018

Trading at 10x earning and at book value with a 6% increase in interest income. Even during flat interest rates, banks still make money. With each 1% interest rate rise, the banks will make $2.8 billion or 30-cents per share. The U.S. banks will bounce back. (Analysts’ price target is $34.39)
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Trading at 10x earning and at book value with a 6% increase in interest income. Even during flat interest rates, banks still make money. With each 1% interest rate rise, the banks will make $2.8 billion or 30-cents per share. The U.S. banks will bounce back. (Analysts’ price target is $34.39)
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Gordon Reid

President, GoodReid Investment ...

Price Price
$27.760
Owned Owned
Yes

PAST TOP PICK
Bank of America(BAC-N) 

November 12, 2018

(A Top Pick Dec 04/17, Down 3%) Sold his shares to deploy cash into credit card companies. A re-allocation. But he prefers American banks over Canadian (stronger economy there, more stable, worries of loan losses in Canada).
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(A Top Pick Dec 04/17, Down 3%) Sold his shares to deploy cash into credit card companies. A re-allocation. But he prefers American banks over Canadian (stronger economy there, more stable, worries of loan losses in Canada).
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$27.750
Owned Owned
No

BUY
Bank of America(BAC-N) 

November 9, 2018

Buy a long call option in January? Yes, go ahead. He just bought the January 27 option.
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Buy a long call option in January? Yes, go ahead. He just bought the January 27 option.
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Richard Croft

President, R.N. Croft Financial...

Price Price
$28.520
Owned Owned
Yes

BUY
Bank of America(BAC-N) 

November 7, 2018

BAC vs. Canadian banks He likes the large-cap US names. With BAC you get a domestic US bank that pays a 2.10% dividend that will grow; and they will do share buybacks over time. Caveat: don't overweight banks. Vs. Canadian banks, the American economy is stronger than ours and U.S. banks enjoys a lighter regulatory environment, so he prefers U.S. banks.
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BAC vs. Canadian banks He likes the large-cap US names. With BAC you get a domestic US bank that pays a 2.10% dividend that will grow; and they will do share buybacks over time. Caveat: don't overweight banks. Vs. Canadian banks, the American economy is stronger than ours and U.S. banks enjoys a lighter regulatory environment, so he prefers U.S. banks.
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Stan Wong

Director &, Private Wealth Manag...

Price Price
$28.430
Owned Owned
Yes

TOP PICK
Bank of America(BAC-N) 

November 6, 2018

Has long owned this. It's corrected and he bought because the US banks will do well as America normalizes its yield curve. Pays a 2.2% yield. Regulations are still coming off that will benefit all banks. has the potential to increase dividends and earnings. He's added to his position recently. His favourite U.S. bank. (Analysts’ price target is $34.41)
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Has long owned this. It's corrected and he bought because the US banks will do well as America normalizes its yield curve. Pays a 2.2% yield. Regulations are still coming off that will benefit all banks. has the potential to increase dividends and earnings. He's added to his position recently. His favourite U.S. bank. (Analysts’ price target is $34.41)
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Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$28.210
Owned Owned
Yes

PAST TOP PICK
Bank of America(BAC-N) 

November 5, 2018

(A Top Pick Dec 05/17, Down 2%) The problem with US banks is they don't pay dividends. So, in a weak market, how would investors view these stocks? Vs. Canadian banks, the American ones are cheaper on a P/B basis. But American banks know how to find trouble like 10 years ago.
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(A Top Pick Dec 05/17, Down 2%) The problem with US banks is they don't pay dividends. So, in a weak market, how would investors view these stocks? Vs. Canadian banks, the American ones are cheaper on a P/B basis. But American banks know how to find trouble like 10 years ago.
banks
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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$28.060
Owned Owned
Yes

TOP PICK
Bank of America(BAC-N) 

November 2, 2018

The market is preparing for a major recession in the US next year – which he completely disagrees with. His model price is $30. They have had two dividend increases in the last two years. Yield 2.2%. (Analysts’ price target is $34.41)
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The market is preparing for a major recession in the US next year – which he completely disagrees with. His model price is $30. They have had two dividend increases in the last two years. Yield 2.2%. (Analysts’ price target is $34.41)
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Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$27.890
Owned Owned
Yes

BUY
Bank of America(BAC-N) 

October 29, 2018

BAC vs. PRUDENTIAL If both benefit from wider rates, the spreads will widen for U.S. banks, which have been
pulling back. BAC has A 10% market share in the U.S. which is as big as the entire Canadian banking system. BAC has lot of exposure to the plain mortgage side where spreads should expand. Be patient and you'll see earnings and dividends. U.S. lifecos should benefit, too, but so will Canadian ones like MFC-T (which is a good entry point now). He prefers American banks over their lifecos.

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BAC vs. PRUDENTIAL If both benefit from wider rates, the spreads will widen for U.S. banks, which have been
pulling back. BAC has A 10% market share in the U.S. which is as big as the entire Canadian banking system. BAC has lot of exposure to the plain mortgage side where spreads should expand. Be patient and you'll see earnings and dividends. U.S. lifecos should benefit, too, but so will Canadian ones like MFC-T (which is a good entry point now). He prefers American banks over their lifecos.

banks
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0 comments
Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$26.610
Owned Owned
Yes

BUY
Bank of America(BAC-N) 

October 26, 2018

It's come down a lot after a big run. It should advance again. Their Q3 report was decent, a beat. They're on track to meet their full-year guidance. It trades at 9.4x earnings and is well-capitalized. Little wrong here, but the banking sector is nervous because the Democrats could win and water down deregulation.

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It's come down a lot after a big run. It should advance again. Their Q3 report was decent, a beat. They're on track to meet their full-year guidance. It trades at 9.4x earnings and is well-capitalized. Little wrong here, but the banking sector is nervous because the Democrats could win and water down deregulation.

banks
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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$26.390
Owned Owned
Unknown

DON'T BUY
Bank of America(BAC-N) 

October 23, 2018

The conventional, safe American bank with a good balance between retail and investment banking. But we are in the late stages of the economic cycle. The U.S. economy is strong, but this year's gains were spurred by last year's tax cuts. So what's the catalyst for 2019? BAC's lending book has to accept more risk going forward. This isn't the time to load up on U.S. financials. Be cautious. We're late in the cycle.

banks
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The conventional, safe American bank with a good balance between retail and investment banking. But we are in the late stages of the economic cycle. The U.S. economy is strong, but this year's gains were spurred by last year's tax cuts. So what's the catalyst for 2019? BAC's lending book has to accept more risk going forward. This isn't the time to load up on U.S. financials. Be cautious. We're late in the cycle.

banks
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0 comments
Kash Pashootan

Sr. VP & P, First Avenue Advisor...

Price Price
$27.020
Owned Owned
Unknown

COMMENT
Bank of America(BAC-N) 

October 22, 2018

De-regulation is a tailwind for U.S. banks, but loan growth is a challenge. BAC is a lot less risky now than a decade ago. They will return capital to shareholders. The American economy is strong. But keep an eye on this and the U.S.
economy.

banks
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0 comments

De-regulation is a tailwind for U.S. banks, but loan growth is a challenge. BAC is a lot less risky now than a decade ago. They will return capital to shareholders. The American economy is strong. But keep an eye on this and the U.S.
economy.

banks
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0 comments
Ashley Misquitt

Senior Po, Empire Life ...

Price Price
$27.380
Owned Owned
Unknown

WATCH
Bank of America(BAC-N) 

October 15, 2018

You have a nice little trend here.  We don’t want to see the June level violated.  Look for a break out.

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You have a nice little trend here.  We don’t want to see the June level violated.  Look for a break out.

banks
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$27.920
Owned Owned
Yes

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