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

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Bank of America Stock Symbol: BAC-N

Last Price Recorded: $16.7500 on 2015-05-23

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Date Signal Expert Opinion Price
2015-05-21 COMMENT Stan Wong

He prefers Citigroup (C-N) and J.P. Morgan (JPM-N). This bank, more recently, has moved a bit more sideways. He can’t say that this is one of the cheaper banks from a Price to Book valuation ratio. He doesn’t mind the stock and thinks it will do okay.


Price:
$16.730
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
No
2015-05-20 PAST TOP PICK Paul Gardner, CFA

(A Top Pick May 5/14. Up 12.1%.) Trading at .7X BV and 10X earnings. Litigation has now settled down. It is cheap and the recovery in the US is helping them make profits. They are probably going to increase their dividends in the next couple of quarters. Also, interest rate lifts do help financials. He likes it and thinks there is more upside.


Price:
$16.740
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
BULLISH
Owned:
Yes
2015-05-19 PARTIAL BUY Zachary Curry

This is in an industry where the government seems pretty happy with consistently suing them again and again and again. With their acquisition of Countrywide, they really got ahead of themselves. We have seen the government regulate that company, more so than others, which has had the effect of forcing them to operate within pretty tight guidelines. Has a good retail banking platform. Unfortunately there is a lot of work to be done to get it up to a good level as well as to win government trust. This would be a wait and see, but is certainly one that you could nibble away at. Good value.


Price:
$16.770
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2015-05-14 COMMENT Jim Huang

To get a lot of growth out of the banks, we need interest rates to go up. Unfortunately, even if the Fed starts raising rates, he believes it will be gradual, so the margins won’t be improving all that much. Meanwhile the domestic recovery in the US has been slower than everybody had expected. Hopefully we are reaching the end of the penalties and fines. This is one of the cheaper names, and when the economy does get rolling it will have a lot of torque. Still somewhat premature.


Price:
$16.520
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2015-05-13 TOP PICK Richard Croft

Call Option.  Runs to 2017.  It is a LEAP.  If we have strength in the global economy and a rise in the rates, this bank has a lot further to go to recover.  He thinks it is poised to do a very decent breakout.


Price:
$16.470
Subject:
OPTIONS & ETFs
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2015-05-12 COMMENT Christine Poole

Trades at a very big discount to Book, and deservedly so because it went through a lot of problems in the financial crisis, and they are slowly moving out of it. If you believe that the US economy is improving, you could participate in this. Rising interest rates are good for the banking industry. She prefers Wells Fargo (WFC-N) which has been more of a consistent performer and will benefit from the improving US economy.


Price:
$16.430
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2015-05-06 PAST TOP PICK John Stephenson

(A Top Pick March 3/14. Up 1.35%.) When you look at the money centred banks as a group, they are incredibly attractive trading at 8 or 9 times multiple. Warren Buffett likes this. It is a great franchise. Thinks the lift-off really comes when you start to see rates rise.


Price:
$16.290
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2015-05-05 COMMENT Gordon Reid

We are getting closer to the time when the US banks will be taking a leadership position as the Fed starts to tighten. That is a matter of great debate as to when. When that happens, the money centre banks will participate, and perhaps become a leadership group. This is not a bad choice, but feels that Citigroup (C-N) is probably a little better positioned to benefit from a recapture of the valuation spread.


Price:
$16.350
Subject:
US EQUITIES
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
2015-05-04 BUY Don Lato

Still very, very reasonably priced at about 10X next year’s earnings. You could step in here and feel comfortable. Pays a decent yield. He prefers buying Canadian banks because of the bigger protection and the bigger oligopoly. Also, you get the advantage of the dividend tax credit here.


Price:
$16.440
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2015-05-04 BUY Darren Sissons

Prefers US banks to Canadian.  Past sins have been dealt with.  They are freshly recapitalized.  This one is quite cheap.  Over time it will be a multi-leg rise.  He prefers regionals, but has no issue with this one at these levels.


Price:
$16.440
Subject:
GLOBAL LARGE
Bias:
SELECTIVE
Owned:
Unknown
2015-04-29 COMMENT Bruce Tatters

One of the most sensitive to a steepening in the US rate curve. On top of that it has a large capital markets business. He wouldn’t be surprised to see $18-$24 in 12 months.


Price:
$15.980
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2015-04-23 PAST TOP PICK John Zechner

(Top Pick Jun 2/14, Up 3.93%) They are getting through some of the problems they went through during the financial crisis.  One of the better of the major banks in the US.  Loan growth has been slow, but their acquisition of Merrill Lynch has worked out well and what they have done on the housing side.


Price:
$15.690
Subject:
NORTH AMERICAN - LARGE
Bias:
DEFENSIVE
Owned:
Unknown
2015-04-23 PAST TOP PICK Greg Newman

(A Top Pick March 20/14. Down 11.58%.) This has been disappointing. It was cheap then and it is cheap now. The thesis is still alive, which is a play on US housing, the eventual loan growth, steadily improving capital levels, etc.


Price:
$15.690
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2015-04-16 COMMENT Kash Pashootan

The next stress test is in September. Buy now or wait and see? It depends on what other bank exposure you have in your portfolio. He likes the US banks, primarily the regional banks. What is nice about this bank is that it does generate a large part of its revenues from retail banking. If you have some patience, this is a name that you want to own in your portfolio, but if you want to take it one step further, he would look at some of the regional banks.


Price:
$15.790
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
BEARISH
Owned:
No
2015-04-16 BUY Paul Harris, CFA

Likes this stock. Net interest margins are very low in the US and are under pressure. Although they cut costs, they didn’t see a lot of growth on the investment banking side. They are in 10% of all the households of the US, so they are a very large retail bank that needs net interest income to improve. They also are faced with a lot of regulatory issues. They have to do another stress test in September and he is upset that management has not been keeping an eye on these things. Thinks you should own this for the longer-term.


Price:
$15.790
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 15 of 632 entries
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