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.
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Analysis and Opinions about BAC-N

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
October 15, 2019
(A Top Pick Nov 02/18, Up 9%) BAC is holding on as banks around the world are struggling. The most capitalized bank in America. It's been in a trading range the past year.
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Bank of America (BAC-N)
October 15, 2019
(A Top Pick Nov 02/18, Up 9%) BAC is holding on as banks around the world are struggling. The most capitalized bank in America. It's been in a trading range the past year.
BUY WEAKNESS
BUY WEAKNESS
October 11, 2019
The U.S. banks have had a big rally with the Fed's cutting interest rates. They are a bit pricy right now. They've been buying back shares and they have had little growth.
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Bank of America (BAC-N)
October 11, 2019
The U.S. banks have had a big rally with the Fed's cutting interest rates. They are a bit pricy right now. They've been buying back shares and they have had little growth.
DON'T BUY
DON'T BUY
October 3, 2019
C-N would be much cheaper. It is much more internationally focused. BAC-N is much more domestic focused. The flat yield curve and negative yields is not good for either of them. It is a tough sector to invest in.
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Bank of America (BAC-N)
October 3, 2019
C-N would be much cheaper. It is much more internationally focused. BAC-N is much more domestic focused. The flat yield curve and negative yields is not good for either of them. It is a tough sector to invest in.
WAIT
WAIT
October 2, 2019
There is a lot of reasons why they should win relative to their peers -- wealth management and potential into Europe. The problem is interest rates are not cooperating. They have large free balances on savings and trading deposits, making them very sensitive to rate declines. He would wait for a time when there is more clarity on the direction of these rates.
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Bank of America (BAC-N)
October 2, 2019
There is a lot of reasons why they should win relative to their peers -- wealth management and potential into Europe. The problem is interest rates are not cooperating. They have large free balances on savings and trading deposits, making them very sensitive to rate declines. He would wait for a time when there is more clarity on the direction of these rates.
COMMENT
COMMENT
September 27, 2019
Time to add on? A big and steady US bank -- you can expect continued performance from them. They will work their way through the flat interest rate environment. This is not an expensive stock, pays a good dividend, and has a good ROC. Yield 2.5%
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Bank of America (BAC-N)
September 27, 2019
Time to add on? A big and steady US bank -- you can expect continued performance from them. They will work their way through the flat interest rate environment. This is not an expensive stock, pays a good dividend, and has a good ROC. Yield 2.5%
DON'T BUY
DON'T BUY
September 23, 2019
It comes down to the direction of interest rates. He feels they will go lower, and the U.S. may even go negative. This will hurt the banks--look at Europe now.
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Bank of America (BAC-N)
September 23, 2019
It comes down to the direction of interest rates. He feels they will go lower, and the U.S. may even go negative. This will hurt the banks--look at Europe now.
HOLD
HOLD
September 20, 2019
We’ve seen cyclical areas of the market, like consumer and banks, really moved on that notion. If the Fed is able to engineer a steeper yield curve, this will help BAC. Thinks that you can hold this long, and he doesn’t think it will tank. (Analysts’ price target is $35.00)
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Bank of America (BAC-N)
September 20, 2019
We’ve seen cyclical areas of the market, like consumer and banks, really moved on that notion. If the Fed is able to engineer a steeper yield curve, this will help BAC. Thinks that you can hold this long, and he doesn’t think it will tank. (Analysts’ price target is $35.00)
DON'T BUY
DON'T BUY
September 18, 2019
The US banks reacted well to Powell's rate cut today, but a lower rate in general means the banks will struggle with shrinking margins. BAC is the most levered to interest rates, so you don't want to own this. He sold his shares over the winter when the Fed changed direction.
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Bank of America (BAC-N)
September 18, 2019
The US banks reacted well to Powell's rate cut today, but a lower rate in general means the banks will struggle with shrinking margins. BAC is the most levered to interest rates, so you don't want to own this. He sold his shares over the winter when the Fed changed direction.
COMMENT
COMMENT
September 17, 2019

He likes the US banks and prefers JPM, but they're all hamstrung in what they can do and acquire. They will increase dividends and buyback shares. Earnings growth will come from committing their profits to share buybacks. BAC enjoys quality earnings. Debt is fine. Sinking interest rates will squeeze their margins, but they have other businesses outside lending to offset that.

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Bank of America (BAC-N)
September 17, 2019

He likes the US banks and prefers JPM, but they're all hamstrung in what they can do and acquire. They will increase dividends and buyback shares. Earnings growth will come from committing their profits to share buybacks. BAC enjoys quality earnings. Debt is fine. Sinking interest rates will squeeze their margins, but they have other businesses outside lending to offset that.

HOLD
HOLD
September 6, 2019
The challenge is this is a very low interest rate environment and that makes it tough for banks to make money. If you expect interest rates to return to normal yields, this would be a good entry level. He would not be selling here -- continue to hold.
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Bank of America (BAC-N)
September 6, 2019
The challenge is this is a very low interest rate environment and that makes it tough for banks to make money. If you expect interest rates to return to normal yields, this would be a good entry level. He would not be selling here -- continue to hold.
COMMENT
COMMENT
September 6, 2019
The financials are a little frothy. If he was a trader, he would sell at $30. If you are long term, would hold it. It is no longer a volatile trader, but it is range bound in a $5 range.
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Bank of America (BAC-N)
September 6, 2019
The financials are a little frothy. If he was a trader, he would sell at $30. If you are long term, would hold it. It is no longer a volatile trader, but it is range bound in a $5 range.
WEAK BUY
WEAK BUY
September 3, 2019

Same thoughts as with Citibank today. Expect challenges in this space. A lot of recessionary concerns have been priced into US banks but are overdone. You could add a little at current levels.

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Bank of America (BAC-N)
September 3, 2019

Same thoughts as with Citibank today. Expect challenges in this space. A lot of recessionary concerns have been priced into US banks but are overdone. You could add a little at current levels.

SELL
SELL
August 22, 2019

He sold it on tightening of the federal reserve last fall. This is the most exposed bank to falling interest rates. He still owns C-N because there is more upside on it. (Analysts’ price target is $32.71)

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Bank of America (BAC-N)
August 22, 2019

He sold it on tightening of the federal reserve last fall. This is the most exposed bank to falling interest rates. He still owns C-N because there is more upside on it. (Analysts’ price target is $32.71)

BUY
BUY
August 20, 2019
He might buy it soon. He likes it a lot. Has a PE of 9x. Well-run and a good dividend. The yield curve is a problem, but banks will find another way to charge customers. Banks don't lose.
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Bank of America (BAC-N)
August 20, 2019
He might buy it soon. He likes it a lot. Has a PE of 9x. Well-run and a good dividend. The yield curve is a problem, but banks will find another way to charge customers. Banks don't lose.
PAST TOP PICK
PAST TOP PICK
August 15, 2019
(A Top Pick Aug 30/18, Down 14%) US banking is very cheap, lots of capital. Can't compare them to European banks. Great story, buying probably at or below book value. Dividend of 2.1% and increasing. Buying back shares. Good chance to get in.
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Bank of America (BAC-N)
August 15, 2019
(A Top Pick Aug 30/18, Down 14%) US banking is very cheap, lots of capital. Can't compare them to European banks. Great story, buying probably at or below book value. Dividend of 2.1% and increasing. Buying back shares. Good chance to get in.
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