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Bank of America Stock Symbol: BAC-N

Last Price Recorded: $17.6200 on 2014-12-20

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Date Signal Expert Opinion Price
2014-12-19 COMMENT John Zechner

This bank would love to be able to have a dividend right now, but are still paying the debts back from the financial crisis and paying what they have to pay to the regulators. Thinks they will eventually be allowed to. There is some good earnings leverage here. This has had a pretty decent run. He has taken a little bit of money off the table.


Price:
$17.620
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-12-12 TOP PICK Bruce Tatters

One of the banks that came out with that very large deal with the US government, paying off a bunch of the charges against it. Sees any of the banks that cleaned out their lawsuits with the US government as generating capital, getting back to more normalized dividend levels with an opportunity to buy back their shares. If housing really starts to recover in the US and the mortgage market starts to recover, they might actually start to do some lending. Dividend yield of 1.16%.


Price:
$17.130
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2014-12-10 BUY on WEAKNESS Alex Ruus

Doesn’t own any banks and is not a huge fan, but would probably prefer US banks to Canadian ones. This is an alright Hold. Had a decent recovery here. Relatively low dividends, but are being allowed now to pay out more, as the balance sheets have recovered. He is still a bit cautious, and would probably Buy on weakness.


Price:
$17.380
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2014-12-10 COMMENT Alex Ruus

Bank of America (BAC-N) or AT&T (T-N)? When you are valuing stocks, you have to look at the long-term free cash flow that a company can generate. In the short term, you are probably better with AT&T. It depends on what you want in the stock. AT&T will be much more stable, and he would prefer it because he is much more cautious on banks in the short term. However, on a 10 year term, you would probably make more money on this one.


Price:
$17.380
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2014-12-08 COMMENT Jennifer Radman

She can see this higher in 12 months. A lot of similar types of stocks trade together, so you wouldn’t see much of a difference between this and Citigroup (C-N). The stock is trading at a considerable discount to BV. Things are improving. They are rationalizing their asset base, and are really working towards those ROE’s that everybody would like to see. When they are able to return their capital to shareholders, as she expects they will, ROE’s will automatically get better. She expects it to go much higher from here.


Price:
$17.660
Subject:
US LARGE
Bias:
BULL on US EQUITIES
Owned:
No
2014-12-04 BUY Stan Wong

Trading below 1X BV at .82. Good value here.


Price:
$17.210
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
No
2014-12-03 BUY Brian Acker, CA

This is “coming out of the blue”. Has $2 trillion in assets. There is a lot of potential here. Once these banks are deemed to have enough capital, they are going to start to raise their dividend. This is where your portfolio should be. A lot cheaper than Canadian banks, with a lot more upside, plus you have the US$ exposure. You should be okay for the next 3-5 years.


Price:
$17.290
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
Unknown
2014-12-01 COMMENT Barry Schwartz

Had looked at this a few years ago, but decided to go with J.P. Morgan (JPM-N) instead. Probably would have done better with this one, but found comfort and safety with J.P. Morgan’s balance sheet, rising dividend and its share buyback. Feels this one has more torque and more leverage, if things are going to improve. A wildcard is rising interest rates.


Price:
$16.790
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2014-11-27 TOP PICK Paul Harris, CFA

10% of all deposits in the US are with them.  Stock has not done much at all this year, but you should see improvements in the company next year.  They have a great retail and commercial franchise, great investment banking business and a great wealth management business.  They will continue to generate lots of capital and then buy back shares and increase the dividend with it.


Price:
$17.110
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
CAUTIOUS on OIL
Owned:
Yes
2014-11-25 BUY David Burrows

This has gone through the mill in the last few years. The US banks did a great job in recapitalizing their balance sheets. Has worked its way through all its lawsuits and the US economy is steadily getting better. This bank is getting slowly and steadily better along with it. There is, and continues to be, outsized opportunity for dividend growth.


Price:
$17.100
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2014-11-24 COMMENT Gordon Reid

Every company, sector and industry has valuation metrics that they respond best to. The banks, because they tend to be quite cyclical, don’t respond well to earnings. The thing to look for in banks is Book Value, or more specifically tangible BV. Because of what happened in 2008 with the regulation that came out and having to raise an incredible amount of capital to satisfy the regulators, the banks have struggled a little.  Stock price has fallen to where they are trading at a discount to Book Value. This one is probably around tangible book. His favourite is Citigroup (C-N), which he feels has a good runway ahead of it.


Price:
$17.180
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Unknown
2014-11-17 BUY Benj Gallander

Bought a few years ago.  His target price is about double where it is now.  He is glad the dividend is up.  If it goes up further, the stock price should go up further.  As the economy does well, banks should do well. 


Price:
$17.090
Subject:
CONTRARIAN INVESTING
Bias:
CONTRARIAN
Owned:
Yes
2014-11-13 BUY on WEAKNESS Mohsin Bashir

Took a $400 Million write-down due to legal charges.  It is not such a terrible thing.  They are one turn of a multiple less than the peer group. There are a number of tail winds lining up.  Increase in rates, increased loan growth and an economic recovery lead by the US.  He sticks to Canadian names, however.


Price:
$17.220
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
2014-11-12 COMMENT Paul Gardner, CFA

They have to go to the federal reserve to ask if they can bump the dividend.  They have to worry about capital ratios.  They have to go through stress tests.  They are selling assets and becoming a smaller, more profitable bank.  They are primed for dividend increases now. 


Price:
$17.290
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
Unknown
2014-11-11 COMMENT Bill Carrigan

Has always maintained that no bull market persists without the leadership or participation of financials. The trend is up and this probably works higher.


Price:
$17.320
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 15 of 585 entries
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