Related posts

Markets sideways before Fed announcementCanadian inflation risesStocks gain for the week, oil climbs
Investor Insights

This summary was created by AI, based on 31 opinions in the last 12 months.

Experts have mixed opinions about Bank of America (BAC-N) with some seeing it as a top pick due to its global presence, steady performance, and potential for growth. Others have concerns about the impact of rising interest rates, underwater bonds, and the overall banking industry turmoil in the US. However, the stock offers a good dividend yield, strong retail focus, and a solid balance sheet, making it a reasonable holding for some. Overall, there is cautious optimism about BAC-N with an emphasis on long-term potential and the need for the economy to stabilize.

Consensus
Mixed
Valuation
Fair Value
PAST TOP PICK
Bank of America
(A Top Pick May 11/23, Up 39%)

Not expensive, trades below book. Nice dividend yield. Very strong wealth management and investment banking. One of the best retail franchises. Well capitalized to increase dividend or buy back shares. Commercial real estate remains a question for all banks, but mainly the regional ones. Though if one segment of banking falls, they all do.

banks
PAST TOP PICK
Bank of America
(A Top Pick Mar 31/23, Up 33%)

Still likes it. Has a global presence. Is not vulnerable to deposit flight. US financials rank #3 or 4 among the 11 sectors this year at 10% total return. Is trending upwards since last October. Pays a 2.6% dividend and trades at 1x price-to-book. The economy is firm, not in recession.

banks
PAST TOP PICK
Bank of America
(A Top Pick Nov 09/23, Up 14%)

Performance of bank steadily increasing as interest rate fears decrease. Loan loss provisions not a concern. Net interest income steady. Good name to own for the long term. Will continue to own. 

banks
BUY
Bank of America

Trades at 10x PE and yields nearly 3%. Great CEO. Will rise over time.

banks
BUY
Bank of America

Yields rose this week but he was encouraged to see BOA trade well, unlike falling as it usually does when the 10-year climbs. The negativity over the regional banks has been flushed out, which benefits BOA. He also own JPM, which is setting highs, but expects BOA to catch up and outperform JPM.

banks
DON'T BUY
Bank of America

BAC trades at a high 1.4x book value, but at low 10x PE. It's a show-me story that needs to release a few solid quarters in a row. But it offers an excellent digital banking platform and attractive dividend, but is unloved.

banks
COMMENT
Bank of America

Is flat on the year, despite this rally. Trades at 1x book. Net interest income and expenses for the quarter are in line. Expects the results of their fees to be mixed, but expects more cost cuts as it waits for fees to rise.

banks
DON'T BUY
Bank of America

Sold it in October after many years. Merill Lynch is their crown jewel, but can't exploit it like MS can milk their wealth management business.

banks
BUY
Bank of America

Likes the money centre banks. Will do well with a normalized yield curve, as it enhances net interest margins. Fed signalling interest rates coming down should depress the short end of the curve, with the long end maintaining itself somewhat.

The group is trading at about a 30% discount to normalized valuations of around 13.5x earnings. That carries through to book value, trading at discounts to historical norms. He owns JPM, BAC, and MS, and that's where he'd put money.

banks
BUY
Bank of America

Focused on retail banking, which is the most conservative. Good source of deposit funding. Bonds on balance sheet impair capital, but this is short term and doesn't imperil fundamental operations. Positive. CEO is solid.

banks
COMMENT
Bank of America

They see consumer spending growth petering out, but still 4% higher YOY, but this is a return to normalcy.

banks
PAST TOP PICK
Bank of America
(A Top Pick Nov 17/22, Down 24%)

Still owns it. BAC earnings beat recently. Fixed income and capital markets are still growing. Is trading below book value and pays a 3.5% dividend yield. During Covid, they invested in mortgage-backed securities, and they're now under water by $130 billion because rates are going up. That's an overhang that will continue until rates stabilize. But this isn't a risky regional bank, but diversified with strong segments.

banks
COMMENT
Bank of America

Reporting top- and bottom-line beats today

He had sold the banks (MS, BAC, but is long JPM) to buy QQQs, and he stands by that rotation. If any banks decline, it would be the regionals, which he's avoided since the spring crisis. His outlook on the banks is limited, given regulations restricting hoarding capital on the balance sheet, which will impede loan growth. Plus, the economy will start to contract. MS and BAC are good companies, but he'd rather buy the debt of these stocks, because their balance sheets will be fortified.

banks
PARTIAL SELL
Bank of America
Take profits?

A good bank. Never hurts to take profits. If you sell this, don't buy a Canadian bank, but another American bank to avoid the 30-day waiting rule.

banks
SELL
Bank of America

All banks were tainted with the US regional bank meltdown. Rising rates aren't helping. Normally, higher rates are better for banks but that may not be happening this time since some US mortgage rates are locked in for 30 years. We need to see rates stabilize before the banks bounce back. Take your losses now before tax-loss selling happens in December.

banks
Showing 1 to 15 of 1,272 entries

Bank of America(BAC-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 16

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 5

Total Signals / Votes : 23

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, 23 stock analysts published opinions about BAC-N. 16 analysts recommended to BUY the stock. 5 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?

23 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 2024-04-15, Bank of America (BAC-N) stock closed at a price of $36.165.