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
BUY
BUY
June 6, 2019
He still believes in US banks even if the FED has hinted at a rate cut in the future. BAC-N has increased capital ratios and is in a good position to re-distribute earnings in terms of dividends and share buybacks.
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He still believes in US banks even if the FED has hinted at a rate cut in the future. BAC-N has increased capital ratios and is in a good position to re-distribute earnings in terms of dividends and share buybacks.
PAST TOP PICK
PAST TOP PICK
May 22, 2019
(A Top Pick May 24/18, Down 4%) He likes this name and it is quite cheap. Has been in a side wise technical pattern for the last year. Likely due to low interest environment and slow down of global growth. He has brought down his holdings of banks. He doesn't think there will be a decent capital appreciation in banks moving forward from here.
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(A Top Pick May 24/18, Down 4%) He likes this name and it is quite cheap. Has been in a side wise technical pattern for the last year. Likely due to low interest environment and slow down of global growth. He has brought down his holdings of banks. He doesn't think there will be a decent capital appreciation in banks moving forward from here.
TOP PICK
TOP PICK
May 21, 2019
Likes the story. One of the largest bank in the U.S. Cost structure is coming down. Payout ratio is only 19%, could see a greater dividend. Trading close to 1X book value. Could certainly trade at 1.5-2X book at some point in time in the cycle. (Analysts’ price target is $32.90)
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Likes the story. One of the largest bank in the U.S. Cost structure is coming down. Payout ratio is only 19%, could see a greater dividend. Trading close to 1X book value. Could certainly trade at 1.5-2X book at some point in time in the cycle. (Analysts’ price target is $32.90)
COMMENT
COMMENT
May 8, 2019

US Lifeco vs Financials PRU-N is at risk to interest rates on their premiums collected as he thinks yields will remain neutral. He is not keen on BAC-N either at this point for the same views of the yield curve. Things can't get any better for each right now -- a no man's land right now. He sees a bit better bid for Lifecos, but mostly from a defensive position. There are more compelling areas than these two spaces.

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US Lifeco vs Financials PRU-N is at risk to interest rates on their premiums collected as he thinks yields will remain neutral. He is not keen on BAC-N either at this point for the same views of the yield curve. Things can't get any better for each right now -- a no man's land right now. He sees a bit better bid for Lifecos, but mostly from a defensive position. There are more compelling areas than these two spaces.

PAST TOP PICK
PAST TOP PICK
April 22, 2019
(A Top Pick Apr 25/18, Up 1%) He sold some shares last December, and now is waiting-and-seeing. This and Citibank bought a lot of stock back recently. $32.26 is his current target price. If the Democrats take the White House in 2020, he'd sell all financials.
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Bank of America (BAC-N)
April 22, 2019
(A Top Pick Apr 25/18, Up 1%) He sold some shares last December, and now is waiting-and-seeing. This and Citibank bought a lot of stock back recently. $32.26 is his current target price. If the Democrats take the White House in 2020, he'd sell all financials.
DON'T BUY
DON'T BUY
April 22, 2019
BAC vs. WFC He sold WFC after briefly owning it, after hearing of its corporate malfeasance. Since, then, WF stock price has treaded water. The US Fed did an about-face by saying they will keep rates flat. So, he pared down his US bank holdings including BAC.
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Bank of America (BAC-N)
April 22, 2019
BAC vs. WFC He sold WFC after briefly owning it, after hearing of its corporate malfeasance. Since, then, WF stock price has treaded water. The US Fed did an about-face by saying they will keep rates flat. So, he pared down his US bank holdings including BAC.
HOLD
HOLD
April 17, 2019
He owns more American banks than Canadian. He likes the longer term outlook for the space. Longer term BAC will continue higher.
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Bank of America (BAC-N)
April 17, 2019
He owns more American banks than Canadian. He likes the longer term outlook for the space. Longer term BAC will continue higher.
SELL
SELL
April 10, 2019
If not BAC, what else? He has rolled over into ETFs instead of hard recommendations on an individual stock. He would recommend taking profits on BAC-N.
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Bank of America (BAC-N)
April 10, 2019
If not BAC, what else? He has rolled over into ETFs instead of hard recommendations on an individual stock. He would recommend taking profits on BAC-N.
BUY
BUY
April 9, 2019
The Fed will either pause or even cut interest rates. The trading range of the past year will likely break-out. His taret is $36. He likes this chart. Long-term BAC will do well.
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The Fed will either pause or even cut interest rates. The trading range of the past year will likely break-out. His taret is $36. He likes this chart. Long-term BAC will do well.
PAST TOP PICK
PAST TOP PICK
April 9, 2019
(A Top Pick Apr 26/18, Down 2%) Still likes it. Trades at 10x earnings, a little above book value. Pays a 2.2% dividend. They can buyback their shares and increase their dividend at a 21% payout ratio that they can easily take to 40%. They rank 1, 2 or 3 in the industries they work in like investment banking and credit cards. They have a great opportunity to grow businesses as their book value grows rapidly. BAC can--and has--endure a period of flat yield curve.
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(A Top Pick Apr 26/18, Down 2%) Still likes it. Trades at 10x earnings, a little above book value. Pays a 2.2% dividend. They can buyback their shares and increase their dividend at a 21% payout ratio that they can easily take to 40%. They rank 1, 2 or 3 in the industries they work in like investment banking and credit cards. They have a great opportunity to grow businesses as their book value grows rapidly. BAC can--and has--endure a period of flat yield curve.
COMMENT
COMMENT
March 27, 2019
US banks have done better than Canadian ones, but is starting to falter because interest rates won't rise anymore. Canadian banks haven't suffered a real estate bear market as in America--and it may happen, as an American short-seller is touting. However, the Canadian banks are an oligopoly and protected by that. He prefers Canadian banks at this time in the market.
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Bank of America (BAC-N)
March 27, 2019
US banks have done better than Canadian ones, but is starting to falter because interest rates won't rise anymore. Canadian banks haven't suffered a real estate bear market as in America--and it may happen, as an American short-seller is touting. However, the Canadian banks are an oligopoly and protected by that. He prefers Canadian banks at this time in the market.
BUY
BUY
March 26, 2019
BAC vs. C. Citigroup has never fully dealt with financial crisis issues. He'd prefer BAC. It's in a much better position on the retail side. He owns Goldman and Morgan Stanley. Whole sector is cheap because of interest rates and yield curve. Please don't buy stocks with only a 6-12 month time horizon. Mortgages are an issue, housing prices, if the economy softens. Extremely well run, decent margins. (Analysts’ price target is $33.00)
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Bank of America (BAC-N)
March 26, 2019
BAC vs. C. Citigroup has never fully dealt with financial crisis issues. He'd prefer BAC. It's in a much better position on the retail side. He owns Goldman and Morgan Stanley. Whole sector is cheap because of interest rates and yield curve. Please don't buy stocks with only a 6-12 month time horizon. Mortgages are an issue, housing prices, if the economy softens. Extremely well run, decent margins. (Analysts’ price target is $33.00)
BUY
BUY
March 26, 2019
He likes it. It's raised its dividends. Investors are worried about consumer debt in the U.S., but debt service capacity is there, so he's not worried.
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Bank of America (BAC-N)
March 26, 2019
He likes it. It's raised its dividends. Investors are worried about consumer debt in the U.S., but debt service capacity is there, so he's not worried.
PAST TOP PICK
PAST TOP PICK
March 21, 2019
(A Top Pick Mar 14/18, Down 11%) The banks have not performed as well over the last year as he thought they would. Since the lows of Christmas eve, they are doing very well, but he is now cooler on the banks (see market comment at beginning of show). He is not as enthusiastic about banks as he was. He would prefer C-N if he was buying a bank.
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Bank of America (BAC-N)
March 21, 2019
(A Top Pick Mar 14/18, Down 11%) The banks have not performed as well over the last year as he thought they would. Since the lows of Christmas eve, they are doing very well, but he is now cooler on the banks (see market comment at beginning of show). He is not as enthusiastic about banks as he was. He would prefer C-N if he was buying a bank.
SELL
SELL
March 15, 2019
His advice is to take your profits now. He is negative on this sector. The banks started breaking down in late 2018. If you want to play the financials, he would go to India, such as Fairfax India and avoid the US.
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Bank of America (BAC-N)
March 15, 2019
His advice is to take your profits now. He is negative on this sector. The banks started breaking down in late 2018. If you want to play the financials, he would go to India, such as Fairfax India and avoid the US.
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