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Bank of America Stock Symbol: BAC-N

Last Price Recorded: 16.2000 on 2014-08-28 01:14:02

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Date Signal Expert Opinion Price
2014-08-25 COMMENT Peter Brieger

Feels they are out of the penalty box. This could be a pretty good stock from here.


Price:
$16.290
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2014-08-20 COMMENT Gordon Reid

There is really no catalyst. Loan growth is picking up a little bit, but margins and the net interest margin, because of the flat yield curve, just isn’t there. They keep getting fined and you wonder when it is going to end. He has been looking at this, but just hasn’t pulled the trigger. There will be a time in the cycle when banks will start to do well and there will be some good upside. His choice in banks, after doing his research, is more in Citigroup (C-N) because they are more behind the curve which gives him more opportunity.


Price:
$15.520
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
No
2014-08-19 DON'T BUY Christine Poole

Wells Fargo is the only US banks she holds.  BAC had credit quality issues, miscalculated capital ratios and Fed had to tell them they could not buy back stock.  She prefers Wells, not BAC, where the dividend is minimal.


Price:
$15.450
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US ECONOMY
Owned:
No
2014-08-19 COMMENT Keith Richards

The Up trendline, which has been in place since 2012, seems to be breaking down and seems to be consolidating. Technically it is reasonably safe. There are other stocks that he would rather be in, but this is not a disaster story.


Price:
$15.450
Subject:
TECHNICAL ANALYSIS
Bias:
UNKNOWN
Owned:
Unknown
2014-08-18 BUY John Stephenson

(Market Call Minute) Money center banks are the way to go.


Price:
$15.450
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
SELECTIVE
Owned:
Yes
2014-08-14 HOLD Patrick Horan

Does not make the cut for him.  The earnings profile is too volatile for him.  But it is a very inexpensive stock.  The sensitivity is the yield curve.  They don’t make as much margin as they should.  He also sees a heck of an M&A cycle.  He would continue to hold this.  3-5 years it should be a pretty nice performer.


Price:
$15.305
Subject:
NORTH AMERICAN
Bias:
BULL on US EQUITIES
Owned:
No
2014-08-14 COMMENT Paul Harris, CFA

Paying a $17 billion fine which actually pushes the stock higher. Only $9 billion is in cash. This is not the big issue. The issue is that they are finishing off with all these huge regulatory issues. The fact that they are able to increase their dividend is a sign that the Fed is much more comfortable with their balance sheet. Likes this company because the regional and global economies are recovering. Banks do well in a global recovery. This bank is very leveraged to the retail business in the US. Trading at 0.7X Book. Reasonable dividend yield. Expects their capital ratios are going to explode over the next little while, and they will have to buy back more shares or increase their payout ratio.


Price:
$15.320
Subject:
NORTH AMERICAN - LARGE & GLOBAL EQUITIES
Bias:
BULLISH
Owned:
Yes
2014-08-13 COMMENT John Wilson

Have a big settlement coming with the US government. Also, had a hiccup filing their capital plan, where they were originally approved and then had to refile. As a consequence they are not allowed to do a buyback, but are allowed to raise the dividend. There are still some headline risks. Over the next 1.5 years, where he thinks the market will start to discount higher rates, this will be positive for the big banks. If you are willing to look further out, US banks are still cheap. He prefers Citibank (C-N).


Price:
$15.250
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2014-08-01 HOLD John Zechner

Likes this. Sold his holdings recently when it ran up into the $16-$17 area, but is looking at a point for when to buy it back. There is earnings potential in the $1.80-$2 range. Still a lot of costs they can cut and can generate some earnings growth.


Price:
$14.980
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2014-08-01 DON'T BUY Norman Levine

Bank of America (BAC-N) or HSBC Holdings (HSBC-N)? This is one that is not of interest to him. He doesn’t care for their business model. In the US, he prefers regional banks that make their money through loans in their region. He owns some HSBC, and is looking at this as a possibility for the rest of his accounts, as it gives European and Asian exposure.


Price:
$14.980
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2014-07-29 COMMENT Ross Healy

Trading below Book Value. Currently trading right on the cusp of being in a condition of being rejected by the market, and being accepted by the market. If it can break through about $17-$18, the stock has a terrific run ahead of it.


Price:
$15.340
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2014-07-24 COMMENT Gordon Reid

The only financial that he owns is Goldman Sachs (GS-N). Expecting that over the next year or 18 months, he will have more of an exposure to the money centered banks. Feels that we are likely to see some inflation entering the economy, and for that reason we are likely to see the yield curve steepen, and banks will make money the old traditional way, lending long and borrowing short and lending long.


Price:
$15.620
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
No
2014-07-23 COMMENT Stan Wong

Likes the US financial space in general. Valuations are below long-term averages. Has been beaten up a little with regulatory issues and low interest rates, but those will change. Hopefully, next year, the regulatory issues will be less and interest rates will be higher. The economy should have picked up even more so. He prefers Citigroup (C-N) and J.P. Morgan (JPM-N). (See Top Picks.)


Price:
$15.520
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
No
2014-07-22 DON'T BUY Colin Stewart

Likes the overall US banking sector. The improvement in the US economy will help lift all of the US banks. Also, feels interest rates are going to rise over time, which will help the banks considerably. Prefers Citigroup (C-N) over this.


Price:
$15.520
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
SELECTIVE
Owned:
No
2014-07-18 COMMENT Mohsin Bashir

Still in the process of shaking off its past. Has a good bead into the retail investment space however a better name would be Wells Fargo (WFC-N). He prefers the Canadian banking sector, especially Toronto Dominion (TD-T).


Price:
$15.490
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
Showing 1 to 15 of 551 entries
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