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Bank of America (BAC-N) opinion on 2017-04-19

Last Price Recorded: 29.3200 on 2017-12-12

ON STOCKCHASE SINCE Nov 2000

banks
banks
TOP PICK

David Burrows
Bank of America was $22.740 at time of opinion
Owned : Yes

He looks for sectors/themes that are going through significant shifts that can give a long runway for the industry and companies to be revalued. The 2nd biggest bank in the US, trading at just under 1X BV, and can go higher. Assuming they can grow BV, that would be even better. It will be helped by rising interest rates. They will get the CCAR assessment in June as to whether they can return more capital to shareholders. Generating a ton of cash, so dividends should continue to accelerate. US banks started to perform in June of last year and have just had a classic pullback towards the 150-day moving average, which gives investors a great entry point. This could be a 5-year theme. Dividend yield of 1.3%. (Analysts’ price target is $26.)

BULLISH

All opinions for BAC-N (928)

182 BUY
17 BUY on WEAKNESS
235 COMMENT
169 DON'T BUY
39 HOLD
7 PARTIAL BUY
1 PARTIAL SELL
76 PAST TOP PICK
32 SELL
5 SPECULATIVE BUY
2 STRONG BUY
120 TOP PICK
3 VAGUE
15 WAIT
12 WATCH
12 WEAK BUY
1 Unspecified
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All opinions for BAC-N (928)

182 BUY
17 BUY on WEAKNESS
235 COMMENT
169 DON'T BUY
39 HOLD
7 PARTIAL BUY
1 PARTIAL SELL
76 PAST TOP PICK
32 SELL
5 SPECULATIVE BUY
2 STRONG BUY
120 TOP PICK
3 VAGUE
15 WAIT
12 WATCH
12 WEAK BUY
1 Unspecified
View All

More experts covering BAC-N

SAVE
Add BAC-N to Watch List

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