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
BUY on WEAKNESS
Bank of America
A good entry point now to add to a position. Don't spend a lot. He likes the US banks and BAC. Banks have had a rough 2022 with inflation, but right now they look good. He would add a little on pullbacks. Capital ratios of banks look good.
banks
TOP PICK
Bank of America
Continues to reduce costs and head counts mainly by using technology, important for banks. Great capital base. Trades at 1.2x book. With its large retail franchise, increasing rates are good for it. Next year, should do well in all its segments, so buy now. Excess capital. Over-reserves will be rolled into earnings next year. CEO's done a great job. Yield is 2.39%. (Analysts’ price target is $41.69)
banks
PARTIAL BUY
Bank of America
Though he's bearish long term, an investor can nibble away here. Small caps are a good place to be, because of less exposure to the strong US dollar. Also, supply chain woes are easing. So, he has been adding to Goldman Sachs, Bank of American and Morgan Stanley. The market can move higher (short term). Caveat: Gas prices are up again, and inflation remains ridiculously high.
banks
BUY
Bank of America
Good long-term hold. Premiere franchise. Most sensitive to interest rates. Investment banking hasn't worked for any of the banks. Different levers to pull at different times of the cycle. Inexpensive valuation of 10x earnings. Banks tend to do well early cycle, and the market's already starting to sniff that out.
banks
WEAK BUY
Bank of America
When stocks inevitably turn around, you will see a bounce in both their wealth management businesses. Until then, trading revenues will be challenged in this environment. He is expecting only tepid earnings next week. Guidance from CEO's will be tepid.
banks
WAIT
Bank of America
For US banks, mortgages originate at the community banks and then move up the channel and can be sold. BAC participates in this. Income from these is largely transactional. If transactions slow, as in a rising interest rate environment, this would be a revenue headwind, and you'll see a spike in non-performing loans. US banks will trade down. But when we bottom out, there will be a significant opportunity. Wouldn't touch a US bank now.
banks
BUY
Bank of America
Likes the company is positive on outlook for the business. Traditional retail banking is not going anywhere. Owns shares in the company. Thinks management team is strong. Room for cost cutting and implementation of technology in business.
banks
TOP PICK
Bank of America
The poster bank for investment are most levered to higher interest rates and will do the best as rates rise. Their last report was positive, talking about strong loan growth. If the US Fed navigates a soft landing, BAC will do very well. If there's a recession, that will hit loan growth in the banks, but he sees a soft landing. (Analysts’ price target is $42.43)
banks
BUY
Bank of America
Among US banks, they are the best play as interest rates rise. BAC has a giant deposit base, their last quarter was solid, and they have best technology in the bank business.
banks
TOP PICK
Bank of America
Owns 10% of all assets in the US. Cost-cutting. Trades at 10x earnings, below book value. Owns great businesses. Management strong on loan book. Will be able to buy back shares, though not as much as before, and increase dividend. Substantially lower payout ratio than most Canadian banks. Yield is 2.63%.
banks
COMMENT
Bank of America
Reported a very good quarter today, but the market yawned. The stock deserved more love.
banks
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TOP PICK
Bank of America
One of the US's biggest banks. Trades at 10x earnings and 1x book. Cheap compared to competition. Paul Harris and Gordon Reid recently chose it as a TOP PICK. Social media mentions rose 33% over the past 24h.
banks
Showing 1 to 15 of 1,236 entries

Bank of America(BAC-N) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 28

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 30

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, 30 stock analysts published opinions about BAC-N. 28 analysts recommended to BUY the stock. 0 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?

30 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 2023-01-27, Bank of America (BAC-N) stock closed at a price of $35.45.