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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: $14.5200 on 2016-05-20

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Date Signal Expert Opinion Price
2016-05-19 WATCH Lorne Steinberg

US banks are under pressure from low oil prices and interest rates.  These companies got rid of all their problems and are well positioned if oil and interest rates do well including the US economy.


Price:
$14.530
Subject:
Deep Value Global Equities
Bias:
BEARISH
Owned:
No
2016-05-18 COMMENT Steve Belisle

US banks are very sensitive to the economic situation. If there is some disappointment, they will be at the forefront. Went down a lot in Q1 this year. He is quite concerned about being exposed to US banks at this point. However, if the Fed surprises the market in June and hikes rates, the place you want to be is in US banks.


Price:
$14.690
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUS
Owned:
Unknown
2016-05-16 HOLD Larry Berman CFA, CMT, CTA

5 or 10 years down the road there is great potential.  He thinks Banks will underperform for the next 3 to 4 years.  It is a pretty big top since 2014.  It has broken down.  If you are a trader, then lighten up on banks.


Price:
$13.930
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-05-10 COMMENT Richard Croft

Probably one of the more volatile big name banks in the US. Trading at 60% of Book Value. Doesn’t think there is a lot of downside. It is going to be an increase in interest rates that drives this bank.


Price:
$14.300
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
UNKNOWN
Owned:
Unknown
2016-05-03 COMMENT Gordon Reid

The best comparable to this would be Citigroup (C-N), which he owns. The whole banking sector is really going to move in tandem on a catalyst, which would be interest rates. Very cheap from a valuation standpoint. These will do well over time, but you have to be patient with them.


Price:
$14.360
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
No
2016-04-28 COMMENT Bruce Campbell (1)

US banks was the worst performing sector in the US market since Christmas. As the interest rate outlook changed, there is a huge positive benefit to rates going up. This bank has a 10% market share. As soon as the spreads widen and they get approval to raise their dividend, the stock is going to $20. Probably a year away. BB&T (BBT-N) is an Eastern regional bank and a better one to hide in for this year, and then maybe swap them.


Price:
$14.790
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2016-04-21 DON'T BUY Kash Pashootan

US financials have really been a point of discussion for the last several years.  This is one of the largest and most wide spread names.  Over the last year it has struggled with a loss of 10% and is down YTD.  At the surface, all their businesses are checkmarks.  The day to day banking is the biggest opportunity in the US.  This is 60% of BAC-N, but not all parts of the US are recovering at the same pace.  He prefers regional banks or a pure play for investment banking.


Price:
$14.900
Subject:
NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias:
UNKNOWN
Owned:
Unknown
2016-04-20 COMMENT Benj Gallander

Bought this at $6+. It was doing really well until recently and then had a pullback. His sell target is mid-$30, so it has a long way to go. A great thing is that they have moved through the vast majority of their litigation. Thinks they will be increasing the dividend in the next year or 2.


Price:
$14.930
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-04-19 COMMENT David Burrows

One of the criticisms of this rally has been that financials in general have been lagging the market, until about 7-8 days ago, when the banks had a very nice move. Numbers were okay, but the negative view was built in, and we have had a big lift over the last few days. He thinks US banks in general can do better. This would not be his #1group. 


Price:
$14.450
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2016-04-14 DON'T BUY Brian Acker, CA

They are really tough right here.  Trading below EBV -3, and going into the blue.  The market is saying it doesn’t believe the balance sheet.  C-N is the same.  These companies need to be broken up.  It is like a purchase warrant on the US financial system.  Above $16.77 he would be tempted to own it, otherwise it is just too risky for him.


Price:
$14.140
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-04-13 COMMENT Cameron Hurst

Citigroup (C-N) or Bank of America (BAC-N)? Of all the big banks, these are the most opposite. This bank is much more locally focused and Citi has a big contingent of emerging markets. With both, a lot of things are going right in their domestic franchise. They are struggling with all the things everybody else is struggling with. Where Citi might have a bit of an advantage right now is that emerging markets seem to be turning.


Price:
$13.790
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Unknown
2016-04-04 COMMENT John Zechner

Hold on until July? This is a four-month call on financials in the face of a period where the federal reserve has gotten more dovish about interest rates. He feels more comfortable in saying “Buying this bank in this range will make you money over the next couple of years”.


Price:
$13.510
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on OIL
Owned:
Unknown
2016-03-24 COMMENT Paul Harris, CFA

He likes this bank. It has been a difficult time for US banks. They have bounced back a little, but not substantially. This one trades at about .6X BV, .9X tangible Book Value with a 1.5% dividend yield. You are going to see about 4% revenue growth. With interest rates slowly going up in the US, Net Interest Margins will stabilize. They have been very good at keeping their cost structure very tight. You could actually see a reasonable return on this. Doesn’t see ROEs getting more than 10 or 12, so there is not a lot of upside because of the regulatory environment. Historically if you saw banks trading below BV over the long-term, you have made money. US banks are massively over capitalized, so they are either going to start to buy back their stock or pay out more dividend.


Price:
$13.680
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2016-03-23 DON'T BUY Mark Grammer

What drives stocks are earnings and the cash flow they generate. He doesn’t see the growth potential with this bank. Haven’t grown their earnings in well over 3 years, and has an ROE that is well below its cost of capital. Their efficiency ratio is one of the higher ones at almost 69%. Prefers some of the regional banks.


Price:
$13.620
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
No
2016-03-23 COMMENT Gordon Reid

Citigroup (C-N) or Bank of America (BAC-N)? Trading at .6 to Tangible Book which is extremely low. It has been low for a while, but that doesn’t mean it can’t go lower. Everybody has been looking for a catalyst in this group. The consensus is that higher interest rates will do it. A 1% rise in interest rates will create billions of dollars of net income for these banks.


Price:
$13.620
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Unknown
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