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

Bank of America Stock Symbol: BAC-N

Last Price Recorded: $15.7900 on 2016-08-26

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Date Signal Expert Opinion Price
2016-08-24 COMMENT Keith Richards

A classic technical analysis rule is that old support, when it is broken, becomes resistance. That happened earlier this year. The chart looks like it is trying to break that resistance of around $15. If true, the next target would be the old level of resistance. This looks like it just might do that.


Price:
$15.400
Subject:
TECHNICAL ANALYSIS
Bias:
BEARISH
Owned:
Unknown
2016-08-22 COMMENT John Kim

If US interest rates rise, banks might go up. However, if people believe there will be a rate hike and there won’t be another for another year, you could possibly see them fall off afterwards. This is very undervalued and is trading below tangible Book. At some point, people will recognize that these banks can still generate enough earnings to pay dividends. This one has been allowed to up their dividend, and will continue to do so and will do a catch up with some of the other big banks. They are also doing buybacks.


Price:
$15.180
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-08-18 WEAK BUY Michael Simpson, CFA

A large, bulge bracket US bank with capital market banking and mortgage underwriting.  There is an activist investor wanting to improve returns and margins and to get management better focused.  He prefers WFC-N.  He is more pre-disposed to US banks because of the recovering economy.  He thinks the US Fed will raise rates in December.


Price:
$15.160
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
SELECTIVE
Owned:
Unknown
2016-08-17 COMMENT Colin Stewart

There has been a lot of negative sentiment around the US banking sector, particularly with a very flat yield curve and a low absolute level of interest rates. It has made a challenge for banks to earn those higher net interest spreads that people have been waiting for. With higher rates, they are gradually going to earn higher interest margins, and the sentiment in the sector will change. This bank is in a good position to benefit from those trends.


Price:
$15.150
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
CAUTIOUS
Owned:
No
2016-08-10 COMMENT Jennifer Radman

With US banks, it is really a call on interest rates. Coming into the year they had some strength with expectations for interest rates going up, but that got completely deflated resulting in some pressure. They are under such attack from multiple levels, such as rates and regulations. There is also the fintech angle. However, valuations are well below BV. Thinks the group will be lumpy, but years out she expects they will be higher.


Price:
$14.810
Subject:
US LARGE
Bias:
UNKNOWN
Owned:
No
2016-08-08 COMMENT Lorne Steinberg

Chairman and CEO is the same. He is a fan of these being separated. Feels that once these positions have been given, if you separate them it would feel like it was a demotion. The real question is, how strong is the board. He is a fan of stronger boards.


Price:
$15.130
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
BEARISH on BONDS
Owned:
_N/A
2016-08-03 PARTIAL BUY Gordon Reid

He wouldn’t try to time a purchase from a trading standpoint. Take a position and wait for a longer-term secular move in the banks, and you should be well rewarded. 


Price:
$14.480
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2016-07-25 DON'T BUY Norman Levine

He is not a fan of the money center banks.  He prefers regional banks.  He would prefer TD-T [which the caller also asked about] although he does not own it either.


Price:
$14.370
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2016-07-19 COMMENT Mike S. Newton, CIM FCSI

Recently had some nice earnings. Did $.36 a share, versus $.45 a year ago. The big surprise was that their trading revenue was a big standout in the latest earnings. All the banks continue to be dogged by the legal fees surrounding the crisis. Unfortunately they are still stuck in a trading range.


Price:
$14.260
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2016-07-19 COMMENT David Burrows

The big US banks were constrained over the last few years as the Fed made it clear that they didn’t want them returning cash to shareholders until they built up fortress balance sheets. As a result, people held off on investing. This bank gives you almost a straight shot at the US domestic economy. The banks in general lagged the market until a few weeks ago. The banks are now starting to lift. He would also consider J.P. Morgan (JPM-N), which has a very strong capital markets business. Both are very attractive and will give you great dividend growth.


Price:
$14.260
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2016-07-18 Unspecified Ben Cheng

(Market Call Minute) Reported today with disappointing numbers, but better than what investors were expecting.


Price:
$14.110
Subject:
REITS, INCOME STOCKS & HIGH YIELD BONDS
Bias:
OPTIMISTIC
Owned:
Unknown
2016-07-18 BUY on WEAKNESS Kash Pashootan

If looking for retail/consumer exposure in the US, this is a good way to get into the space. He likes the US consumer, given household debt levels being considerably lower than Canadian. Feels the consumer at some point is going to start doing renovations, buy a nicer home, or upgrade their car. Prefers regional banks, but if you want to step into this one, he would suggest a half position at first on weakness.


Price:
$14.110
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
No
2016-07-14 COMMENT Brendan Caldwell

If you started hearing talk of the bigger US banks being broken up, the parts are worth more than the whole.  This is a longer term thing.  This is where you would get the real value from this sector.


Price:
$13.650
Subject:
CANADIAN VALUE
Bias:
BULL
Owned:
Unknown
2016-07-12 PAST TOP PICK Bruce Campbell (1)

(A Top Pick July 27/15. Down 22.51%.) A year ago he thought rates were going to go higher in the fall, but they never did. The bank passed the Fed requirements with flying colours, and are allowed to raise the dividend and buy back stock. They are earning more money and the prospects are better, but they’re getting squeezed by rates being incredibly low. He is holding onto the thought that the Fed probably will raise rates in December.


Price:
$13.540
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-07-11 PAST TOP PICK John Kim

(A Top Pick March 21/16. Down 4.23%.) He had never thought the US banks, such as this one, would drop 30% from the end of December to mid-February. It has bounced back a little, but is still down roughly 20%. A very rate sensitive bank, but trading below tangible Book. Very cheap on a relative basis, but he questions if this might be a value trap.


Price:
$13.210
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 15 of 764 entries
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