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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: $16.0400 on 2015-03-04

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Date Signal Expert Opinion Price
2015-02-25 COMMENT Gordon Reid

If you have a spot for a financial to complement the rest of your portfolio, you should fill it. This one is an opportunity. Generally speaking, the whole group is going to move together. It is going to take a catalyst and that catalyst is likely going to be higher interest rates that will allow net margin spread to increase because of a steepening yield curve. This is a decent choice in US banks. (See Top Picks.)


Price:
$16.490
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
No
2015-02-19 BUY Don Lato

Pretty attractively priced here. Trading at about 10 or 11 times this year’s earnings. If you believe that we are still in the 1st half of a bull market, as he does, this is going to continue to participate in that recovery.


Price:
$16.210
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
No
2015-02-18 TOP PICK Bruce Tatters

Late last year paid a very big settlement to the US Justice Department to settle the majority of its outstanding litigation. Trading below Book and right near tangible Book. Trading at around 10-11 times earnings. Thinks the growth outlook for the US is better than in Canada. Dividend yield of 1.22%.


Price:
$16.300
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2015-02-11 PAST TOP PICK John Stephenson

(A Top Pick Feb 13/14. Down 2.13%.) This has not being great, but decent. In general, the large money centred banks have underperformed the market. Money is coming back to shareholders in the form of dividend increases and share buybacks. All the litigation that has been in the overhang is for the most part behind them. Still a good holding.


Price:
$16.360
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BEARISH on ENERGY
Owned:
Yes
2015-02-04 COMMENT David Baskin

He owns 2 American banks, J.P. Morgan (JPM-N) and Goldman Sachs (GS-N). Goldman Sachs for its investment banking activity and J.P. Morgan just for its size and scale. Bank of America has pulled back a lot, but he thinks probably the best straight commercial bank in the US right now is Wells Fargo (WFC-N), and this would be his pick. Most investors should really own Canadian banks because the dividend tax credit gives you a tremendous advantage. He also thinks the earnings momentum in the US is probably reducing.


Price:
$15.790
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2015-02-02 BUY John Zechner

The US is better than Japan, Russia, despite their huge debt and all the money they are printing.  The financials are turning the corner.  The acquisitions at the bottom of the market will eventually be accretive.  They will start to generate earnings growth.  Prefers this over C-N and JPM-N.


Price:
$15.460
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2015-01-30 PAST TOP PICK Greg Newman

(A Top Pick Jan 16/14. Down 10.33%.) Q4 was a bit of a disappointment. Thinks the market is really overlooking its good points. Good credit quality, lower energy exposure than other banks and are levered to a housing recovery and improving US consumer. Cheap at 1X 2015 estimated tangible book value. This is not a question of “If”, but “When”.


Price:
$15.150
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
CAUTIOUS
Owned:
Yes
2015-01-29 TOP PICK Paul Harris, CFA

It has come off a fair bit as have a lot of the US banks.  You have a really good chance to get a great company really cheap.


Price:
$15.430
Subject:
NORTH AMERICAN/GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2015-01-28 COMMENT John O'Connell, CFA

US banks in general have been struggling under a lot of different things, such as regulatory penalties and increased costs. They just don’t seem to be able to get past getting sued by the government for one thing or another. Thinks the problem is going to become more and more acute.


Price:
$15.200
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2015-01-26 COMMENT David Burrows

There were a lot of people that had a view that interest rates would start to work their way higher. With what is going on in Europe and Japan, there are $7 trillion of fixed income assets globally yielding a negative return. There is tremendous pressure on long-term interest rates, which in general is not good for big money centred banks. Because of this, this one and other similar ones have been under pressure. If you believe that rates may stay lower longer, you would be better off focusing on a regional bank that is less dependent on long-term interest rates. He sold his holdings in this bank. In the financials, he prefers REITs and asset managers that will probably benefit from asset growth in a stronger equity market. Wells Fargo (WFC-N) is attractive and is a direct play on US housing.


Price:
$15.850
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
No
2015-01-15 COMMENT Gordon Reid

Until we start to see rates rise and the market take control of the yield curve again, the banks really aren’t going to get any traction. It is very, very difficult to get the timing exactly as to when to buy the stock. Good quality company.


Price:
$15.200
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2015-01-15 WEAK BUY Michael Bowman

Earnings were a bit shy today.  This is why ETFs are so important.  The market is having a hard time digesting different news announcements we are hearing all the time.  He really likes US banks.  They should do really well.  The housing market will do well so mortgages will do well.  But he prefers to buy the ETF ZBK-N.  Spread your risk out.  Later he might move out of the ETF and buy individual stocks.


Price:
$15.200
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
Bullish on Canadian Equities
Owned:
Unknown
2015-01-13 COMMENT Christine Poole

Why is Bank of America (BAC-N) telling us to Short Canadian banks? She does not agree with that. We should all be buying them now because they have pulled back 8%-10% in the last 46 weeks. They are very attractively valued now and she is expecting earnings growth in the 6%-8% range. They all have target payout ratios of 40%-50%, and if you apply that to the earnings to what their current dividends are, it would be in the low end of that range, so she would expect that they would increase their dividends. When the banks reported in early December, their exposure to energy was very manageable. On their total loan book exposure, it is anywhere from below 1% to maybe 2%-3%, depending on the individual bank. (See Top Picks.)


Price:
$16.450
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2015-01-12 SELL Norman Levine

He is not a fan of the big money center banks in the US.  Prefers regional.  The problem with big money center banks is that they have big capital markets divisions and that is not an area where he wants to focus.


Price:
$16.680
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-01-12 COMMENT Barry Schwartz

A very good company. Regulatory pressures have held on all of the stocks. The US is not approving any more bank licenses, so competition is decreasing for the US banks. The ones that have the better balance sheets are the ones that will survive and thrive. He prefers others, but if you want a better leverage play, with potentially more upside, this would be yet.


Price:
$16.680
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
Showing 1 to 15 of 605 entries
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