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Bank of America (BAC-N) opinion on 2017-05-19

Last Price Recorded: 26.6200 on 2017-11-17

ON STOCKCHASE SINCE Nov 2000

banks
BUY on WEAKNESS

John Petrides
Bank of America was $23.050 at time of opinion
Owned : Unknown

Financials are one of his favourite sectors. He would definitely recommend Holding this and buying on any dips. With the fundamentals of the banking sector, the wind is really at your back, because they had been regulated post the crisis, and have so much capital on their balance sheets, that they are the strongest they have been since World War II. By and large, the consumer is fairly healthy, so the loan book is actually quite strong for banks in general. Also, the Fed is embarking on raising rates. As they continue to move higher, higher interest rates are good for bank revenues. If Trump is able to put some sort of deregulation into the banking sector, that is icing on the cake.

BULLISH

All opinions for BAC-N (917)

181 BUY
17 BUY on WEAKNESS
232 COMMENT
169 DON'T BUY
38 HOLD
7 PARTIAL BUY
1 PARTIAL SELL
73 PAST TOP PICK
32 SELL
5 SPECULATIVE BUY
2 STRONG BUY
117 TOP PICK
3 VAGUE
15 WAIT
12 WATCH
12 WEAK BUY
1 Unspecified
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All opinions for BAC-N (917)

181 BUY
17 BUY on WEAKNESS
232 COMMENT
169 DON'T BUY
38 HOLD
7 PARTIAL BUY
1 PARTIAL SELL
73 PAST TOP PICK
32 SELL
5 SPECULATIVE BUY
2 STRONG BUY
117 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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