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Bank of America Stock Symbol: BAC-N

Last Price Recorded: 16.7100 on 2014-09-16 21:15:39

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Date Signal Expert Opinion Price
2014-09-15 WEAK BUY Larry Berman CFA, CMT, CTA

The jury is still out.  Ultimately the too-big-fail-banks will have challenges.  There will be big run ups and then pullbacks.  You want to buy them on pullbacks.  It will be with more volatility than in the past couple of years. 


Price:
$16.740
Subject:
AGRICULTURE, DIVIDEND & FIXED INCOME
Bias:
UNKNOWN
Owned:
Unknown
2014-09-11 COMMENT Stan Wong

Generally speaking he likes the US financials. Prefers Citigroup (C-N) and J P Morgan (JPM-N) as well as Wells Fargo (WFC-N). They are all trading at discounts to where they should be. This one is trading below Book Value, which is pretty cheap, compared to where it should be. There is a lot of regulatory noise around larger banks. Once we get past those stages, the banks should continue to do well.


Price:
$16.570
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
2014-09-10 DON'T BUY Alex Ruus

The banking sector in general historically has always been a pretty good place to make some money, but after the 08-09 downturn the one big thing that has changed is the amount of underlying equity capital required to support these businesses. Because of that, the return on equity is going to be much lower than it has been historically. Feels the recovery out of some of these banks is not going to be as good as some people expect. The government is going to let this bank start increasing dividends, but he prefers something like an Element Financial (EFN-T) that has a much more established and aggressive growth path in front of them. It is also cheaper and better valued.


Price:
$16.360
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2014-09-03 COMMENT Jim Huang

Very cheap, but the key is paying all their debt from the financial crisis. We don’t know if they have done this as a fact. However, most of the financial burden is behind them and they can move on now. Feels there is reasonable upside to this company. However, they are not the best operator. He looks at this as a middle-of-the-road company but one that you can play.


Price:
$16.100
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Unknown
2014-08-29 BUY Jennifer Radman

Trading at 85% of tangible BV. Seem to be doing a better job and things are improving. The big litigation seems to be out of the way. A good sector to be in and this one should do well over the next few years.


Price:
$16.090
Subject:
US LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2014-08-28 WEAK BUY Darren Sissons

As they make more profit, the government will continue to take a little bit of money off them.  A change in government might change that.  These big money center banks will continue to grow.  Get the US banks on the downside and ride them up.  This one is a bit risky for him, however.


Price:
$16.010
Subject:
GLOBAL LARGE
Bias:
BULLISH
Owned:
Unknown
2014-08-28 BUY Don Lato

The outlook for this is fairly positive. They have had everything but the kitchen sink thrown at them, in terms of fines and penalties and recovery of the financial crisis several years ago. Trading at 10-11 times earnings and paying a fairly decent yield. He prefers the Canadian banks.


Price:
$16.010
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
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
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