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NYSE:BAC

Bank of America (BAC)

56.25
+0.05 (0.09%)
as of Jun 18, 2026, 10:42:05 pm Market Open.
492 watching
0
BUY
People don't understand so this gets thrown in with everything else and people are concentrating on their mortgage business. In the last quarter, they made $.33 without the write-off and $.74 before that. Have actually grown really well outside of their mortgage business. Cheap.
TOP PICK
When Warren Buffett bought in, the risk element went down. 5 of the 6 divisions are making money but the sub prime one is killing them. Lost about $9 billion in the last quarter with about $8 billion for settling a lawsuit. Targeting it at $38 but you have to realize the possibility of a chapter 11.
RISKY
His most hated bank in the world. It could go to zero; but the government would not allow it. Worst acquisition in the world. Warren Buffet got terms that regular shareholders can’t get. You may get lucky. If you put up with the extreme risk you might make money.
DON'T BUY
Warren Buffet loaned them money and if the stock bounced up it is a bonus for him. Messed up with Merrill Lynch acquisition for them and it cost them market share. There are better situations to buy. Why take the risk.
DON'T BUY
Some major US investors have invested heavily and are saying this bank is OK. Too big to fail. Question is, what dilution will a minority shareholder get if they need to inject more capital. You are better off with a Canadian bank.
BUY
Views it as an investment rather than a trade. Cheap valuation. $12.50 book vs. $8 price. They learned from 2008. Say they are well capitalized. Gave market confidence that they would act with Warren Buffet and selling a Chinese asset, when they didn’t really need the cash. He likes it based on the reputational support Mr. Buffet gave the bank.
DON'T BUY
Doesn’t fit the way he looks at US banking. So many question marks with respect to Country Wide. Not a good risk reward.
SELL
Has no idea what is going on inside of this one. No knows what their assets are worth. There are a lot of opinions but no one knows. If it went to fail and was bailed out, he believes there would be nothing left for shareholders.
DON'T BUY
Very volatile. Doing their very best to prop up the balance sheet. Just sold their credit card business to Toronto Dominion (TD-T) and will exit its credit card businesses in the UK and Ireland. US banks are still at the whim of what is going on in Europe.
DON'T BUY
Wouldn't touch this with a 10 foot pole. He is seriously concerned about their future obligations on their balance sheet. This is directly related to the housing market in the US.
TOP PICK
Believes you either price that for bankruptcy or for the next cycle and is probably worth $25. He believes the housing market is stabilizing. 5 of their 6 businesses are making money. Trades at half its BV. Doesn't have that much fear of the current lawsuits.
DON'T BUY
Recent lawsuit is just one is a series that they are or are going to be involved in. Financial services in the states are a tough, tough business. Wouldn’t get involved. The government is just going after them through regulation.
BUY
With the value of the current Cdn$, this is probably a pretty good entry point. This is a good holding for part of your portfolio is a long-term, let it develop, hold.
DON'T BUY
Still trying to fix themselves and have a large exposure to the US housing market. There are better companies to own.
DON'T BUY
Difficult to call the bottom on the US banking sector. If the economy recovers and to be no more loans, they will do better. Doesn't think US banking will be the next leading sector however you probably have a reasonable return.
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