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
TOP PICK
TOP PICK
August 15, 2019
Low multiple. Net interest rate income is lower, but won't collapse. Great franchise. Below book value, good yield, no legal issues, tons of capital. Yield is 2.74%. (Analysts’ price target is $33.08)
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Bank of America (BAC-N)
August 15, 2019
Low multiple. Net interest rate income is lower, but won't collapse. Great franchise. Below book value, good yield, no legal issues, tons of capital. Yield is 2.74%. (Analysts’ price target is $33.08)
COMMENT
COMMENT
August 9, 2019

Canadian vs. American banks (BAC, JPM) The Canadians trade at a premium (in book and PE terms) vs. Americans, and the 12-month outlook is better for Americans. BAC is cheaper than JPM and more domestically focused. Also, Citibank is cheaper than both of these, trading below book value with better protection to the down side.

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Bank of America (BAC-N)
August 9, 2019

Canadian vs. American banks (BAC, JPM) The Canadians trade at a premium (in book and PE terms) vs. Americans, and the 12-month outlook is better for Americans. BAC is cheaper than JPM and more domestically focused. Also, Citibank is cheaper than both of these, trading below book value with better protection to the down side.

WAIT
WAIT
August 8, 2019
BAC vs. MET. Dynamics of the two are different, so hard to compare. FMV potential of both is huge. But the market won't go, because interest rates are falling. Aren't any drivers to escalate earnings. Very cheap, but who knows when they're going to pop? (Analysts’ price target is $33.12)
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Bank of America (BAC-N)
August 8, 2019
BAC vs. MET. Dynamics of the two are different, so hard to compare. FMV potential of both is huge. But the market won't go, because interest rates are falling. Aren't any drivers to escalate earnings. Very cheap, but who knows when they're going to pop? (Analysts’ price target is $33.12)
DON'T BUY
DON'T BUY
August 6, 2019
All US banks are sideways, a bad signal. He doesn't own any North American banks, only Asian ones. Be cautious about any banks.
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Bank of America (BAC-N)
August 6, 2019
All US banks are sideways, a bad signal. He doesn't own any North American banks, only Asian ones. Be cautious about any banks.
COMMENT
COMMENT
August 2, 2019
They've lowered expectations, and buying back shares. Can see more volatility. Earnings were up 8% in the last quarter but it all went to share buyback. They aren't putting money in capital expenditures to give executives bonuses. Doesn't like it.
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Bank of America (BAC-N)
August 2, 2019
They've lowered expectations, and buying back shares. Can see more volatility. Earnings were up 8% in the last quarter but it all went to share buyback. They aren't putting money in capital expenditures to give executives bonuses. Doesn't like it.
BUY
BUY
July 31, 2019
Q1 in to April is seasonality for US stocks. The banks are showing improvement and they can still run. Resistance at $31 so if BAC breaks out, there'll be a big upside.
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Q1 in to April is seasonality for US stocks. The banks are showing improvement and they can still run. Resistance at $31 so if BAC breaks out, there'll be a big upside.
PAST TOP PICK
PAST TOP PICK
July 29, 2019
(A Top Pick Jul 17/18, Up 5%) He favoured the US banks after the election of President Trump. If the Fed cuts more than 25 points this week, this would hurt them. He feels the banks outside North America are effectively bankrupt already -- especially in Europe. He still owns this as he feels they are still well capitalized, although he has taken some profit.
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(A Top Pick Jul 17/18, Up 5%) He favoured the US banks after the election of President Trump. If the Fed cuts more than 25 points this week, this would hurt them. He feels the banks outside North America are effectively bankrupt already -- especially in Europe. He still owns this as he feels they are still well capitalized, although he has taken some profit.
COMMENT
COMMENT
July 10, 2019

Time to move out of US banks? BAC-N lots of levers to earn money. It trades a little higher than book value. The valuation is okay, but is trading fair value. He would not be compelled to buy at time. He would roll this position into holding the exchanges -- like CME-N

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Time to move out of US banks? BAC-N lots of levers to earn money. It trades a little higher than book value. The valuation is okay, but is trading fair value. He would not be compelled to buy at time. He would roll this position into holding the exchanges -- like CME-N

SELL
SELL
July 9, 2019
It's stuck at $30. Sell at $30 until it proves it can go higher, but he doubts it will. It's in a nice range between $24-30.
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It's stuck at $30. Sell at $30 until it proves it can go higher, but he doubts it will. It's in a nice range between $24-30.
HOLD
HOLD
July 2, 2019
Add on here? The largest holding he has and he holds it personally. He has a four-bagger on this and has a $38 target price. He will continue to hold it.
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Add on here? The largest holding he has and he holds it personally. He has a four-bagger on this and has a $38 target price. He will continue to hold it.
BUY
BUY
July 2, 2019
A potential US interest rate cut. He's long endorsed BAC. They've increased their dividend and bought back a lot of shares. They are flush with capital. It trades at book value today, so it's not an expensive stock. A rate cut should hurt banks, buy they have weathered this before. They won't get hurt much and will endure a cut. Also, if the rate drops says 75 basis points, the yield curve will rise.
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A potential US interest rate cut. He's long endorsed BAC. They've increased their dividend and bought back a lot of shares. They are flush with capital. It trades at book value today, so it's not an expensive stock. A rate cut should hurt banks, buy they have weathered this before. They won't get hurt much and will endure a cut. Also, if the rate drops says 75 basis points, the yield curve will rise.
COMMENT
COMMENT
June 25, 2019

There continues to be a hangover over the falsification of client records a few years ago for WFC-N. It will go away over time and Warren Buffet still owns his shares. He would tie into a higher yield play. He would lean towards Bank of America.

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There continues to be a hangover over the falsification of client records a few years ago for WFC-N. It will go away over time and Warren Buffet still owns his shares. He would tie into a higher yield play. He would lean towards Bank of America.

HOLD
HOLD
June 24, 2019

RY-T vs. BAC-N. They are both leaders in their respective countries. In a non-registered account, use RY-T. Also he would go with them because in the case of recession, they can lower their expenses. Their plan is to invest in IT when times are good and pull back investments when they are not. Going forward it will be who can tighten their belts the most, will do the best.

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RY-T vs. BAC-N. They are both leaders in their respective countries. In a non-registered account, use RY-T. Also he would go with them because in the case of recession, they can lower their expenses. Their plan is to invest in IT when times are good and pull back investments when they are not. Going forward it will be who can tighten their belts the most, will do the best.

COMMENT
COMMENT
June 21, 2019

BAC vs. Citigroup if a recession happens He owns both, but he prefers Citigroup, because it has a lower valuation, trading below tangible book value and pays a higher dividend. Citi is viewed as an international bank, whereas BAC is viewed as American. The upside is better at Citi in the coming years.

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BAC vs. Citigroup if a recession happens He owns both, but he prefers Citigroup, because it has a lower valuation, trading below tangible book value and pays a higher dividend. Citi is viewed as an international bank, whereas BAC is viewed as American. The upside is better at Citi in the coming years.

PAST TOP PICK
PAST TOP PICK
June 14, 2019
(A Top Pick Jun 26/18, Down 0.5%) Flat. We don't know what will happen with interest rates. A lot of question marks with US banks, given the 2020 US election which may lead to the Democrats limiting these banks.
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(A Top Pick Jun 26/18, Down 0.5%) Flat. We don't know what will happen with interest rates. A lot of question marks with US banks, given the 2020 US election which may lead to the Democrats limiting these banks.
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