Bank of America

BAC-N

NYSE:BAC

24.12
0.74 (2.98%)
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
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.
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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.

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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)
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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.
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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)
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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.
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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)
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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.
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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.
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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.
WEAK BUY
WEAK BUY
November 21, 2019
BAC vs. WFC A lot of banks have started to perform. Doesn't own either of these. Both have same price to book. WFC has a slightly higher dividend yield of 3.8%, whereas BAC is 2.2%. The fraudulent accounts scandal is still hurting the WFC brand. WFC revenue relies heavily on the yield curve. He prefers BAC, as they're a little more diversified with their capital markets division.
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Bank of America (BAC-N)
November 21, 2019
BAC vs. WFC A lot of banks have started to perform. Doesn't own either of these. Both have same price to book. WFC has a slightly higher dividend yield of 3.8%, whereas BAC is 2.2%. The fraudulent accounts scandal is still hurting the WFC brand. WFC revenue relies heavily on the yield curve. He prefers BAC, as they're a little more diversified with their capital markets division.
PAST TOP PICK
PAST TOP PICK
November 6, 2019
(A Top Pick Nov 06/18, Up 20%) He is still bullish on financials. When the yield curve normalizes all the banks will make a lot of money. They are doing well going into the headwinds currently. He likes the technical price breakout now too.
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Bank of America (BAC-N)
November 6, 2019
(A Top Pick Nov 06/18, Up 20%) He is still bullish on financials. When the yield curve normalizes all the banks will make a lot of money. They are doing well going into the headwinds currently. He likes the technical price breakout now too.
PAST TOP PICK
PAST TOP PICK
November 5, 2019
(A Top Pick Feb 13/19, Up 16%) Trades at 1.2x book vs. 1.5 by Canadian banks. Investors were fearing the inverted yield curve which scared them off US banks stock. BAC continues to decrease its costs and buyback shares. A great story.
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Bank of America (BAC-N)
November 5, 2019
(A Top Pick Feb 13/19, Up 16%) Trades at 1.2x book vs. 1.5 by Canadian banks. Investors were fearing the inverted yield curve which scared them off US banks stock. BAC continues to decrease its costs and buyback shares. A great story.
COMMENT
COMMENT
November 1, 2019

He would buy Bank of America. The stock is still very cheap, price to book value. It has a decent growth rate. This is the one to be buying in this kind of climate.

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Bank of America (BAC-N)
November 1, 2019

He would buy Bank of America. The stock is still very cheap, price to book value. It has a decent growth rate. This is the one to be buying in this kind of climate.

DON'T BUY
DON'T BUY
October 22, 2019
It's cheap vs. upside potential, though pricey vs. its past. He hopes it returns to $36.50, but negative interest rates aren't good.
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Bank of America (BAC-N)
October 22, 2019
It's cheap vs. upside potential, though pricey vs. its past. He hopes it returns to $36.50, but negative interest rates aren't good.
BUY
BUY
October 16, 2019
A terrific business. US banks are well-capitalized. BAC is doing well introducing their business into new markets, though don't expect them to do big acquisitions. BAC is using tech aggressively to cut costs and in turn reinvest those savings. Low and declining interest rates are a neutral to modest negative factor.
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Bank of America (BAC-N)
October 16, 2019
A terrific business. US banks are well-capitalized. BAC is doing well introducing their business into new markets, though don't expect them to do big acquisitions. BAC is using tech aggressively to cut costs and in turn reinvest those savings. Low and declining interest rates are a neutral to modest negative factor.
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