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Bank of America Stock Symbol: BAC-N

Last Price Recorded: 16.1500 on 2014-04-19 01:14:03

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Date Signal Expert Opinion Price
2014-04-09 BUY Stan Wong

There is a lot of noise, but it is trading below 1 times book value.  12 months out capital markets, economy, and housing markets will be better, net interest margins are moving forward and loan loss ratios are improving.  These big cap bank names will do fine.


Price:
$16.620
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
SELECTIVE
Owned:
No
2014-04-07 BUY Zachary Curry

That sector is a good one.  Prefers JPM, but this one was beaten down in the credit crisis.  Has the biggest exposure to the consumer and a good area to be exposed to over the long term.  A good hold for sure.


Price:
$16.380
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
No
2014-04-02 COMMENT Michael Bowman

Prefers Exchange Traded Funds because they are not as risky as picking individual securities. Likes US banks and think they have more value than Canadian banks. Feels the US consumer has deleveraged and is going to go back to the bank and borrow money. He would prefer the BMO Equal Weight US Banks Hedged (ZUB-T) ETF.


Price:
$17.230
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Unknown
2014-04-01 COMMENT Benj Gallander

Still likes this. Has a target price of better than $35. One of the major problems is that every month or 2, more lawsuits come out. Thinks the dividend is going to go up in the next year.


Price:
$17.340
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
Yes
2014-04-01 COMMENT Christine Poole

Citigroup (C-N) or Bank of America (BAC-N)? Doesn’t own either one, but if she had to choose, it would be this one. Of the 30 banks checked by the federal government, 5 were rejected and Citigroup was one of them. This bank pays a dividend of $.04 per year, but they got approval to increase that to $0.20 a year. Also, got approval to buy back some stock. She owns Wells Fargo (WFC-N) which has a yield of 2.4% and got approval to increase their dividend by 17%, and as well increase their stock purchase plan for this year.


Price:
$17.340
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2014-03-27 BUY Barry Schwartz

Great company. Trading at a deep discount to BV. Wells Fargo (WFC-N) and J.P. Morgan (JPM-N) are the gold standards and this one along with Citigroup(C-N) is your next tier. It depends in what type of investor you are. Would have no problem owning this.


Price:
$17.010
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
No
2014-03-26 COMMENT Brian Acker, CA

Keep in mind that at the beginning of the year, both this and Citigroup (C-N) popped up above his last line, which was EBV (Economic Book Value) negative 3, which he would call an investment strategy “coming out of the blue”. This signifies that finally the market is attaching some credibility to the balance sheet and the numbers that both of these banks are providing to the market. He has a model price of $20.50, which is a 19% upside.


Price:
$17.180
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-03-26 TOP PICK Paul Harris, CFA

A great story. Has a great franchise in the US on the retail side. Has a great investment banking franchise through Merrill Lynch. Has a great asset management business from the broker business. He can see them executing incredibly well through 2014, especially if the stock market continues to do well. Earning power potential is very strong.


Price:
$17.180
Subject:
NORTH AMERICAN/GLOBAL
Bias:
OPTIMISTIC
Owned:
Yes
2014-03-24 WAIT Larry Berman CFA, CMT, CTA

Analysts like the recovery.  Stock is probably going to be in the outperform category.  If we get a 10-20% correction, it will probably be closer to 20.  Wait for the correction before you step in.


Price:
$17.370
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2014-03-20 TOP PICK Greg Newman

Will find out next week if they will be able to boost their dividends. If they don’t get to do it this time, it is coming eventually. In the meantime, you can Buy this at just over 1.25% tangible Book Value. This is a play on the US housing market which, if it is not recovery now, it is going to recover soon. US economy is normalizing. Strong investment banking, very good expense control, good loan growth last quarter, great deposit growth and good execution of their Merrill Lynch asset.


Price:
$17.920
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2014-03-19 BUY Gordon Reid

Coming off the stress test, the banks very likely will get the go-ahead to allocate capital with more autonomy. You’ll see both buybacks and increased dividends. Will probably increase dividends first. This bank has done quite well coming off the 2011 low. Trading at about 80% of BV so it still represents pretty good value. His favourite at this point is probably Citigroup (C-N) but that is more on a valuation basis. This bank represents good value.


Price:
$17.440
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
No
2014-03-18 DON'T BUY Bill Carrigan

Financials on both sides of the border have had quite a run and is probably getting exhausted, particularly when he looks at the peaks showing in 2009-2010. Chart is showing a little double top and he assumes the trend line will be violated.


Price:
$17.190
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2014-03-03 TOP PICK John Stephenson

One of the overhangs is the litigation risk, but they are getting it behind them.  Should raise dividend in the next 4 months or so. 


Price:
$16.300
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BEARISH
Owned:
Yes
2014-02-27 TOP PICK Paul Harris, CFA

0.8 times book value.  Thinks dividend will go up over the next couple of years and they could buy back stock.  They have potential upside from the Merrill Lynch side.  This is a great story that is not expensive and thinks you will see a double.  Potential earning power is much higher than a Canadian bank.


Price:
$16.490
Subject:
NORTH AMERICAN/GLOBAL
Bias:
BULLISH on US MARKET
Owned:
Yes
2014-02-19 COMMENT Mohsin Bashir

With the US housing recovery taking place, this is one of the biggest providers of mortgages. Definitely room for growth here. There would probably be a share buyback before there was a reinstatement of the dividend.


Price:
$16.200
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
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