Summer Sale

50% off Premium Yearly

00days
00hrs
00mins
00secs

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
TOP PICK
(Top Pick Mar 10/10, Down 18.17) There is earnings power here of $2.50. Interest margins are on the rise. Expenses are going down. Default rates are starting to drop. Will create excess capital, which he thinks will be used to by shares back. 1.5 times book value, which is low. This one is a buy it and be patient situation. Different companies do the heavy lifting at different times.
RISKY
Put it back on the watch list about 2 months ago. Not as favorable as many of the smaller banks. Prefers C-N, although more risk. If it went under $10 or $12 he would be much more impressed. He is looking elsewhere, however.
DON'T BUY
After a really good lift off the 2009 bottom, US banks generally under performed. Haven’t gone down but have not participated in the rally. Will likely under perform going forward. Could be a short bounce when dividends are declared.
TOP PICK
Sell Nov $16 puts and Buy Nov $11 puts. This bank will survive and will probably do all right. In effect he is Short $16 puts and is obligated to Buy shares at $16 between now and November. He has an out at $11. In a worse case scenario, if everything collapses, his risk is limited to $11. You get a $2 credit roughly.
HOLD
Long-term project coming off the 2008 financial system problems. Great franchise owning Merrill Lynch and Countrywide. De-leveraged and cheap at about 1X tangible book. Thinks they have $2.50-$3.00 earnings power. Good Hold, but a long-term hold.
DON'T BUY
As a rule he doesn’t particularly like the US banks. US is not out of trouble. Mortgage problems continue to haunt it. Pickup in their economy is very tepid.
COMMENT
Fundamentals are still rocky but getting better. Historically major US banks have done very well from around the end of January and moving into springtime. Hasn’t seen confirmation of this yet on a technical basis.
DON'T BUY
Hated this one for a long time but now has more competent management. There is still the legacy of prior management. There are better things to buy. He chooses not to own any US banks right now.
BUY
They are one of the banks that hurt their net equity position and is trading at a deep discount to book value (70% of book value). There is a reasonable opportunity for them to recover here. Retail side of business would drive things here. Need improvements in loan losses and we are starting to see that.
BUY
Was extremely negative on US banks for many years but has started to accumulate now. Thinks US economy is going to show more strength than what is expected. Us housing looks like it is getting close to a bottom, which is an important aspect for US banks. If you own you cols start averaging down.
HOLD
Expecting it to be in the mid to high teens by the end of the year, which gives you a decent return.
DON'T BUY
Stays away from the US financials. Sold out of S&P 500 index. It’s pretty tough to get a handle on tangible book. Prefers Royal TD or Scotia.
BUY
Has a model price of $20.10, an upside of 41%. Wouldn’t put his whole portfolio in this but would have selected US financials.
HOLD
C-N has a lot more potential and will move more quickly.
BUY
Really good prospects longer term. Great franchises. Has some headwinds. Very cheap at at about 1X tangible Book Value. Return on assets is low as the leverage has been really squeezed out of the stock. Long term could probably earn $2-$3 a share.
Showing 991 to 1,005 of 1,267 entries