stockchase picture

Compiling comments that experts make about stocks while on public TV.

Company Index

List by Company Name

List by Symbol

Bank of America Stock Symbol: BAC-N

Last Price Recorded: $17.8800 on 2015-08-02

Globe 5 day average
Google Discussions (view only)
yahoo discussion
Bloomberg
Date Signal Expert Opinion Price
2015-07-27 TOP PICK Bruce Campbell (1)

Under Book Value, exposure to US housing and has 10% of US retail banking. Yield of 1.13% and will probably have a dividend increase coming in the next few months. It will also be a beneficiary of the higher rates that are coming in September or December. Probably goes into the $20s a year from now.


Price:
$17.670
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-07-22 COMMENT Gordon Reid

All of the US banks are coming back. The catalyst for growth is higher interest rates, which will enable them to make money. He prefers Citigroup (C-N) and Wells Fargo (WFC-N).


Price:
$18.450
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
No
2015-07-21 COMMENT Barry Schwartz

He is very pleased about financial services. This is finally working. He prefers J.P. Morgan (JPM-N), which is a much higher quality company, and he feels much more confident about its outlook versus this bank. Valuations are not that much different dollar for dollar. He owns the one which is actually paying dividends.


Price:
$18.080
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2015-07-20 TOP PICK Paul Gardner, CFA

Finally they beat numbers.  The litigations risks are cooling down.  They will benefit from the US housing recovery.  0.8 times book value. 


Price:
$18.120
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-20 BUY Patrick Horan

Predisposed positively to this bank. US financials got hit with uncertainty, liability and lawsuits about 5 years ago. They had to build their reserves because they had issues with how much they could affect the US economy going forward. We are now just starting to get to the good part where the yield curve is rising and capital markets are responding better.


Price:
$18.120
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2015-07-16 COMMENT Michael Decter

Bank of America (BAC-N) or Bank of Montréal (BMO-T)? He feels the US economy is going to grow a lot faster than the Canadian economy. This will benefit their banks. However, it is hard to go wrong with a Canadian bank from an income point of view. Canadian banks’ income is taxed at a lower rate as a Canadian dividend paying group of companies. Also, very well-regulated and very well-run.


Price:
$17.950
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2015-07-15 TOP PICK Bruce Tatters

When the recovery in US housing got to a certain state, house prices started to rise and the mortgage rate curve started to steepen. You get a lot more torque in names like this and Citigroup. This one has far more torque than any other US bank. Dividend yield of 1.13%.


Price:
$17.680
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-07-14 COMMENT Christine Poole

US banks in general will participate in the improving US economy. Generally rising interest rates should be good for US banks and you want to have exposure in them. This bank has a much more lumpy historical performance. Thinks it will be early next year before they get approval to do another dividend increase. (See Top Picks.)


Price:
$17.130
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
No
2015-07-13 COMMENT John O'Connell, CFA

The US bank space is probably one of the better spaces to be in. There is good loan growth. Corporations have spent a lot of money buying back stock and their balance sheets are no longer as in good a shape as they used to be. He expects that you are going to start seeing banks issuing equity and a lot more M&A activity. Prefers Wells Fargo (WFC-N), which yields twice as much and is twice as good a bank.


Price:
$17.020
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2015-07-10 COMMENT John Stephenson

Rising interest rates are very good things for banks. They take in money on deposits and pay you nothing for it, and then they loan it out at higher rates. The difference is called the net interest margins. He sees tremendous opportunity there. Also, thinks the US stock market is going to do quite well by the end of the year. Very low valuations at around 10X. Very good name and the future looks increasingly bright.


Price:
$16.700
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
OPTIMISTIC
Owned:
Yes
2015-07-08 PAST TOP PICK Paul Harris, CFA

(Top Pick July 4 2014, recommended at $16.03 now $16.25 up 2.61%) Still a buy, he likes it. If the yeild curve of the US goes up 1% Bank of America makes 4 billion in revenue. This isn't inconceiveable that this will happen in the next little while. Will continue to do well. They will be moving their dividend towards the same as Canadian banks of 45%. They have way too much capital so they will be buying back their shares as well.



Price:
$16.250
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR
Owned:
Unknown
2015-07-07 PAST TOP PICK John Zechner

(A Top Pick June 2/14. Up 10.77%.) US bank stocks are looking interesting here. They’re coming off a period where they were not able to pay dividends and earnings growth had been muted. He likes the leverage on this. He traded out of this recently because of his overall negative views on the stock market.


Price:
$16.690
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
No
2015-07-06 DON'T BUY Norman Levine

He prefers the regional banks as opposed to the money center banks.  They have big capital market divisions and that is not earnings quality to him as loaning money out.  He likes BBT-N, and BKU-N.


Price:
$16.940
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2015-07-02 BUY Andy Nasr

You could see a bit of a pullback in the share price, just because the 2nd quarter earnings might not be all that great. This should be a $21-$22 stock price 18-24 months out. You are going to continue to see management focus on cutting costs. When you combine that with mid-single digit growth and corporate and consumer loans, you should see them really benefit from higher ROE’s.


Price:
$17.030
Subject:
NORTH AMERICAN DIVIDEND & REITs
Bias:
OPTIMISTIC
Owned:
Unknown
2015-06-29 PAST TOP PICK Richard Croft

(A Top Pick May 13/15. Up 10.71%.) January (2017) 17 Call. A rising interest rate environment is good for banks. This one is fairly leveraged to residential mortgages. Thinks they have tremendous earning power, and once that starts to turn, it is going to be a pretty dramatic move. He can see $20 on the stock. Would probably sell half his position if it doubled.


Price:
$16.890
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
OPTIMISTIC
Owned:
Unknown
Showing 1 to 15 of 656 entries
First Previous 1 2 3 4 5 Next Last

No Comments.


You must be logged in to comment.