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Bank of America Stock Symbol: BAC-N

Last Price Recorded: $15.5700 on 2015-04-21

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Date Signal Expert Opinion Price
2015-04-16 COMMENT Kash Pashootan

The next stress test is in September. Buy now or wait and see? It depends on what other bank exposure you have in your portfolio. He likes the US banks, primarily the regional banks. What is nice about this bank is that it does generate a large part of its revenues from retail banking. If you have some patience, this is a name that you want to own in your portfolio, but if you want to take it one step further, he would look at some of the regional banks.


Price:
$15.790
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
BEARISH
Owned:
No
2015-04-16 BUY Paul Harris, CFA

Likes this stock. Net interest margins are very low in the US and are under pressure. Although they cut costs, they didn’t see a lot of growth on the investment banking side. They are in 10% of all the households of the US, so they are a very large retail bank that needs net interest income to improve. They also are faced with a lot of regulatory issues. They have to do another stress test in September and he is upset that management has not been keeping an eye on these things. Thinks you should own this for the longer-term.


Price:
$15.790
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2015-04-07 COMMENT Alex Ruus

Prefers US banks over Canadian ones. There has been a big hold back for the really big US banks, where the feds are taking a really close look at their ability to withstand another 2008-2009 type scenario. He doesn’t own any banks and prefers specialty financing companies instead. (See Top Picks.)


Price:
$15.460
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
No
2015-04-01 DON'T BUY Zachary Curry

To him this is a Wells Fargo (WFC-N) in waiting. There was some really poor management during the financial crisis that has resulted in a lot of baggage. The CEO has a real mandate to getting it back to being a retail bank. If it does succeed, it will have a real retail footprint. However you are going to have a lot of baggage to get there. There are better quality banks in the meantime.


Price:
$15.410
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2015-04-01 HOLD Patrick Horan

Prefers US banks over Canadian banks. This bank is probably one of the lower attractive names, but you will do fine with it.


Price:
$15.410
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2015-03-23 PAST TOP PICK John Stephenson

(Top Pick Mar 3/14, Down 2.27%) The catalyst is the overhang over banks including nay-saying, litigation and so on.  This is the cheapest group on the market.  Warren Buffet sees this as a long term opportunity.  The overhang is in the rear view mirror.


Price:
$15.720
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
OPTIMISTIC
Owned:
Yes
2015-03-20 DON'T BUY Norman Levine

He prefers US banks to Canadian banks.  He stayed away from money center bank because they have big operations in capital markets.  Regional banks give you a bigger leverage to consumers.


Price:
$15.840
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on EUROPE
Owned:
No
2015-03-18 BUY Mohsin Bashir

The real winners from the recent stress tests, were regional banks, who were allowed to increase their payout ratios from 30% to 35%. This bank was not allowed that freedom, but they were given the ability to buy back shares. This has some good catalysts ahead of it as it is tied to the US housing market.


Price:
$15.980
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-03-17 WATCH Ross Healy

If interest rates start to go back up, some of the pressure on bank margins would disappear.  US banks are very cheap.  BAC-N is at its book value.  This is a real bargain giveaway.  He has had a warm feeling for it since the recovery.  The banks have not been able to get going yet and he does not know if they will, but maybe rates going up would be the catalyst required.


Price:
$16.090
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2015-03-13 COMMENT Gavin Graham

Bank of America (BAC-N) or Banco Santander (SAN-N)? Banco Santander has a much lower dividend yield. This bank is a play on the health of the domestic US economy. If you are comfortable with that, this is probably the one to stay with.


Price:
$16.090
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2015-03-12 PAST TOP PICK Paul Harris, CFA

(A Top Pick March 26/14. Down 5.57%.) This bank has lots of capital, but the issue is, can they maintain it. The Fed was unhappy with what would happen to their revenue and their capital structure, if something happened to the economy. Thinks they were smart to buy back their shares instead of increasing the dividend. He still likes it.


Price:
$16.090
Subject:
GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2015-03-10 COMMENT John O'Connell, CFA

Banks have been struggling. They’re always being sued by the government for one thing or another. Just don’t seem to be able to keep out of trouble. They continue to be trading vehicles. You buy this around $15 and then sell it at around $17.


Price:
$15.790
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2015-03-09 COMMENT John Zechner

Has been lightening a little on the US banks recently, but is not worried that much. We are not going to see another collapse of the banking system. This is at a turning point where some of the acquisitions they made at the bottom of the cycle are starting to benefit a little bit more and you will start to get a dividend paid a little bit more. Valuations are fairly low historically. Feels this has the most upside leverage between it, Citigroup (C-N) and J.P. Morgan (JPM-N).


Price:
$16.170
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR
Owned:
Yes
2015-03-05 BUY Brian Acker, CA

You have to have this or C-N or both in your portfolio.  The market either loves them or hates them.  They are both ‘coming out of the blue’.  They have regulatory problems.  There is a huge speculation on C-N.  for BAC-N, the model price is $18.95, 20% upside so the market is believing the balance sheet.  It is cheaper than the Canadian banks.


Price:
$16.000
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US MARKET
Owned:
Unknown
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
Showing 1 to 15 of 619 entries
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