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

TOP PICK

The yield curve is steepening which will help revenues. They have held reserves very well, and these are coming off and going to the bottom line now. The Fed after June will allow banks for buyback shares and increase their dividends, too. Also, BAC has lowered their costs and using technology more efficiently. The U.S. banks are seeing growth. Wealth management business is also increasing. It pays a reasonable dividend that's rising and it trades at only 13x PE. (Analysts’ price target is $38.63)

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BUY

Financial services are poised to do well as rates push up net interest margins. Global markets, consumer banking, and wealth management. Well positioned with loan loss provision reversals.

BUY ON WEAKNESS

Let it come down a little, even though this group of banks is cheap, even after this run.

TOP PICK

New addition to their US large cap fund. Wanted to increase exposure to financial sector. Higher interest rates are positive for financials and they are still inexpensive. BAC is the most sensitive to this. Higher rates and steeper yield curves are positive for banks. $1B of reserve will come back in as well since things were less bad than thought. (Analysts’ price target is $37.06)

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PAST TOP PICK

(A Top Pick Jul 30/20, Up 44.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BAC has achieved its $36 objective. To be disciplined, we recommend covering 50% of the position. With a stop at $30 for the remainder, this would all but guarantee a minimum investment return exceeding 32%.

HOLD

Likes the large, multi-centre banks. BAC is in the sweet spot, as it's the most sensitive to a steeper yield curve. The longer end is rising, and the Fed doesn't have as much control over this. The spread is rising, so the banks can make more money on interest income. Stay with it.

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PAST TOP PICK

(A Top Pick Jul 30/20, Up 31.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BAC is progressing well. We recommend trailing up the stop (from $25) to $30. This would all but guarantee a minimum investment return exceeding 20%.

TOP PICK

10% of all U.S. deposits is with BAC. Net interest income is lower because of very low interest rates though is stabilizing. It trades at 1.1x book and pays a 2.3% dividend. Has a great balance sheet, and credit card, investment banking and wealth management businesses. They've done a good job cutting costs. The CEO steered them out of the difficult post-2009 era. Banking cost structures will change a lot in coming years due to blockchain. (Analysts’ price target is $35.69)

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COMMENT

It pulled back 3% Friday, but doesn't expect it to much after it reports next week. US banks need to deliver a blow-out to impress investors. A simple beat isn't enough.

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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 21.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK in BAC continues to do well. We are recommending setting a trailing stop at $25, just above the initial recommending entry level.

TOP PICK

Not cheap, at 11x earnings. CEO is undervalued. He's brought costs in line and improved retail side by spending on tech. In that sweet spot to take advantage of virtual banking. Great wealth management, credit card, and retail franchise businesses. Will continue to grow. Yield is 2.41%. (Analysts’ price target is $30.00)

HOLD

Trend of falling rates was not favourable to banks. Times are changing. Rotation towards cyclicality. Some inflation is coming. Fed can control the short end of the curve, but not so much the long end. BAC is most sensitive to a steep yield curve. Just be patient. Good spot to be.

DON'T BUY

BAC vs. Canadian banks Prefers the Canadian banks. They over-reserved on Covid losses, so there should be some earnings recovery in 2021-22. This hasn't happened with the US banks. Regulators still hate the US banks because of 2008. Canada is a cleaner environment for banks, and any of them would do.

BUY

He owns the big American banks. BAC has more of a retail operation than its investment. They did a good job turning around with its acquisitions. Well-positioned. They've held back in paying their dividends because of restrictions, and can't increase dividends or do buybacks. Overall, though, the banks are in good shape. He's been adding to his holding.

TOP PICK

Huge chunk of US retail deposits. Fantastic investment banking francise. CEO has done well navigating problems. Well capitalized. Trading at 0.8% of book value. Compelling opportunity. Exceptionally well run. Default rates not that bad. Growth is happening. Dividend sustainable. Election outcome won't have a negative impact. Yield is 3.01%. (Analysts’ price target is $27.77)

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