Bank of America (BAC) Buy, Sell or Hold

Bank of America (BAC)

56.25

+0.05 (0.09%)

as of Jun 18, 2026, 10:42:05 pm Market Open.

492 watching

BUY

BAC vs. JPM Likes US financials. Economic recovery, interest rates moving higher, loan losses coming down. BAC has outperformed JPM by a decent degree. He likes both. BAC might be cheaper, 1.55x price to book; whereas JPM is closer to 2x, and might have more growth ahead, with very strong management. JPM has a slightly higher dividend. All US banks will increase dividends once allowed.

BUY

He owns both. They're different banks: MS is far less sensitive to loan growth, as over 50% of revenues come from wealth management (they bought etrade and Eaton Vance). BAC is the US bank most sensitive to interest rate moves; their loan book is crucial to their growth. He likes both and both reported strongly last week. BAC has a slightly better valuation than MS, so it gets the edge.

BUY

They reported yesterday, a beautiful quarter. Revenue was much higher than expected, 12% YOY, while overall expenses were roughly flat, meaning 58% earnings growth. Their deposit base rose 15% YOY, driven by their online banking platform. BAC is the most levered of US banks to interest rates which are expected to climb. He targets $50.

BUY

They report Thursday. BAC could have an earnings breakout, because long-term interest rates will rise.

PAST TOP PICK

(A Top Pick Sep 14/20, Up 71%) He'd continue to hold, and he'd buy it here. Banks will continue to do well over the next little while. Reserves are coming back into earnings. Dividend increases and share buybacks are coming. Steepening yield curves will allow the banks to stabilize net interest income. Good prospects in a growing economy.

BUY

Trades cheaply to the best-in-class in banks. Likes their capital return program, while their M&A and sales businesses are humming alone. Better than JPM.

PAST TOP PICK

(A Top Pick Aug 08/20, Up 78%) He was stunned when US banks lagged in 2020 as the FAANGs rose. So the banks offered better valued and still do. Governments around the world won't let their banks crash again (as in 2008). Banks have been building balance sheets and avoiding very risky areas. Finally, the market has accepted the banks. Interest rates and the yield curve will stabilize.

COMMENT

They reported a big earnings beat driven by a huge reserve release. Sales disappointed though. Its most important business, consumer & business lending missed too, as did the global markets division. BAC is the most sensitive to interest rates, so the collapse in bond yields makes it difficult for them. This is one to buy, if you believe the Fed will raise interest rates.

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Curated by Michael O'Reilly since 2020.
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PAST TOP PICK

(A Top Pick Jul 30/20, Up 52.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BAC has triggered its stop at $38. We recommend covering the balance of the position. This will result in a net investment return of 48%, including the 50% previously recommended to cover.

BUY

BAC reported today and the markets are reacting negatively because loan growth was not as expected. The reason for this is because the economy is starting to do well and there's a ton of liquidity out there. There's not a lot of reason right now to go to banks for loans. Once people spend what they have, they'll have the confidence to go to the bank for a loan. This is a good opportunity to buy with both hands. Leveraged to a steepening yield curve.

BUY

They report next week. If you believe the economy gets stronger and rates will rise rapidly, buy this.

BUY

Biggest interest rate sensitivity among the US banks. The bond yields moving higher has benefitted BAC to outperform. This and JP Morgan are his core US Bank holdings.

TOP PICK

Will benefit from very well from rising interest rates, but a lower rate will likely add more loan growth. They also boast strong investment and capital markets businesses. (Analysts’ price target is $43.04)

BUY

US financials are in a great position. Benefit from interest rates going higher. Will do well in capital markets and banking. US 10-year is back below 1.5%, and US banks have barely budged, so this signals a good time to buy. Still reasonably priced. Go long.

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Unlock this Panic-proof Portfolio opinion with Stockchase Premium

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Jul 30/20, Up 68.4%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BAC continues to do well. We are now recommending to trail up the stop (from $30) to $38. If triggered, this would all but guarantee an investment return of 48% when considering the recommendation to cover 50% previously.

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