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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: $14.3700 on 2016-07-25

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Date Signal Expert Opinion Price
2016-07-25 DON'T BUY Norman Levine

He is not a fan of the money center banks.  He prefers regional banks.  He would prefer TD-T [which the caller also asked about] although he does not own it either.


Price:
$14.370
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2016-07-19 COMMENT Mike S. Newton, CIM FCSI

Recently had some nice earnings. Did $.36 a share, versus $.45 a year ago. The big surprise was that their trading revenue was a big standout in the latest earnings. All the banks continue to be dogged by the legal fees surrounding the crisis. Unfortunately they are still stuck in a trading range.


Price:
$14.260
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2016-07-19 COMMENT David Burrows

The big US banks were constrained over the last few years as the Fed made it clear that they didn’t want them returning cash to shareholders until they built up fortress balance sheets. As a result, people held off on investing. This bank gives you almost a straight shot at the US domestic economy. The banks in general lagged the market until a few weeks ago. The banks are now starting to lift. He would also consider J.P. Morgan (JPM-N), which has a very strong capital markets business. Both are very attractive and will give you great dividend growth.


Price:
$14.260
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2016-07-18 Unspecified Ben Cheng

(Market Call Minute) Reported today with disappointing numbers, but better than what investors were expecting.


Price:
$14.110
Subject:
REITS, INCOME STOCKS & HIGH YIELD BONDS
Bias:
OPTIMISTIC
Owned:
Unknown
2016-07-18 BUY on WEAKNESS Kash Pashootan

If looking for retail/consumer exposure in the US, this is a good way to get into the space. He likes the US consumer, given household debt levels being considerably lower than Canadian. Feels the consumer at some point is going to start doing renovations, buy a nicer home, or upgrade their car. Prefers regional banks, but if you want to step into this one, he would suggest a half position at first on weakness.


Price:
$14.110
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
No
2016-07-14 COMMENT Brendan Caldwell

If you started hearing talk of the bigger US banks being broken up, the parts are worth more than the whole.  This is a longer term thing.  This is where you would get the real value from this sector.


Price:
$13.650
Subject:
CANADIAN VALUE
Bias:
BULL
Owned:
Unknown
2016-07-12 PAST TOP PICK Bruce Campbell (1)

(A Top Pick July 27/15. Down 22.51%.) A year ago he thought rates were going to go higher in the fall, but they never did. The bank passed the Fed requirements with flying colours, and are allowed to raise the dividend and buy back stock. They are earning more money and the prospects are better, but they’re getting squeezed by rates being incredibly low. He is holding onto the thought that the Fed probably will raise rates in December.


Price:
$13.540
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-07-11 PAST TOP PICK John Kim

(A Top Pick March 21/16. Down 4.23%.) He had never thought the US banks, such as this one, would drop 30% from the end of December to mid-February. It has bounced back a little, but is still down roughly 20%. A very rate sensitive bank, but trading below tangible Book. Very cheap on a relative basis, but he questions if this might be a value trap.


Price:
$13.210
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-06-28 BUY Benj Gallander

He likes this. The key thing is that they have moved through this horrible tunnel of litigation. Because of that, the bottom line should improve. Dividend has been increased from $.01 a share to $.05 a share, and thinks it will go up further. Can see the shares going up quite a distance from here. Dividend yield of 1.6%.


Price:
$12.700
Subject:
CONTRARIAN INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-06-23 COMMENT Stan Wong

From a valuation standpoint it looks to be pretty cheap at about 10X forward earnings, but these banks have been cheap for a while. The hope of interest rates finally moving higher has really been there to push these bank stocks higher. Interest rates are going to be pushed further along in terms of the pace of hikes down the road. Because of that he has traded this recently, buying at about $13.50-$14 and selling it at $15. There are other names that are a bit more attractive in the US financial space, such as J.P. Morgan (JPM-N).


Price:
$14.040
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Unknown
2016-06-17 DON'T BUY Norman Levine

US banks are much more sensitive to the interest rate spread than what Canadian banks are. The US banks like to take your deposit money in short term and buy bonds that are longer term, and work off of the spread. As the yield curve is flattening as longer term rates come down, that ability to make money on the spread is going away, which is hurting US banks. He also doesn’t like this bank because it is an investment bank. The outlook does not look good, and is not going to be good for a while.


Price:
$13.400
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2016-06-16 COMMENT James Thorne

The yield curve is very flat. Securitization was introduced in the 1970s. Banks overearned and expanded their business model. Those days are over. Now you have this big business model and they are asking themselves how they can make money. They used to be able to get through this by making mergers and acquisitions, but they can no longer do that. On the long-term structural view, he is not very bullish on banks. In the short term, if they do get a period of rising interest rates, there may be a nice trade for 6-8 months. Thinks the big banks are going to have to start selling themselves off, because the old business model is no longer profitable.


Price:
$13.310
Subject:
US DIVIDEND
Bias:
UNKNOWN
Owned:
Unknown
2016-06-15 COMMENT Gordon Reid

All banks are going to be affected by the major macro issues of the federal reserve’s monetary policy, and are all basically in the same boat. They are earning money, loan growth is slow but growing, and assets are growing. The thing that is going to allow them to really do well is a steepening of the yield curve, because that increases margins. This is a good core position.


Price:
$13.340
Subject:
US EQUITIES
Bias:
UNKNOWN
Owned:
Unknown
2016-06-13 BUY Erin Gibbs

Has been really good at changing their balance sheet, getting rid of bad debt and adding on new loans that are safer. Have also been getting fees from non-interest rate types of operations, such as card fees. All interest bearing revenues in this low interest rate environment, are going to be more challenging. It also has that Libor suit hanging over it right now. However, she feels that suit represents somewhat of a buying opportunity, because the actual liability they may have, even if they lose, is actually pretty small. Dividend yield of 1.5%.


Price:
$13.600
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Unknown
2016-06-13 COMMENT John Stephenson

Very cheap. Trading at about 80% of BV. A great franchise. Financials are under pressure. Banks primarily make their money by lending to people and borrowing the spread that they charge on short term deposits. That spread is affected by the overall prevailing interest rates in the market. As rates come down and the yield curve flattens, their net interest margins decrease. At some point in the future, whether this year or next, he thinks some of these clouds will lift and this will return to a more reasonable valuation.


Price:
$13.600
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
CAUTIOUS
Owned:
Yes
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