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

PAST TOP PICK

(A Top Pick May 28/09. Up 45%.) Have a lot of great assets. Merrill Lynch will work out for them but will take a bit of time. Think they can make $4-$5 a share over the next 4-5 years. If it trades at 10X earnings, it is a $40-$50 stock.

BUY

Financial regulation process that is going on creates an unknown that the market doesn't like. Also the Justice Department and SEC are looking at banks. Trading at about 70% of BV, well below historical levels. Great franchises including Merrill Lynch and Countrywide, which will prove to be valuable over time. Long-term hold.

DON'T BUY

Canadian banks are far better quality. If you want to be involved in the US banking sector, this one is okay but he would prefer JP Morgan (JPM-N) or US BanCorp (USB-N), which are higher quality. If the market weakens, financials are going to leave it down so wait.

PAST TOP PICK

(A Top Pick May 28/09. Up 64.1%.) Merrill Lynch and Countrywide are going to work out for them. Growth potential in earnings is pretty high. Dividend is going to come back.

BUY

Paid off government money, replaced their CEO and are trading at 70% of Book, which is very cheap. As the economy starts to repair itself, they have 2 fabulous franchises, Countrywide and Merrill Lynch. Expects normalized earnings to be $2.50-$3 range, which would almost double the stock price.

COMMENT

One of the cheaper US financial stocks. They have the earning power and can make a lot more money than they do today. The downside is that Merrill Lynch and Countrywide, which they acquired, have their own problems. A lawsuit with Goldman Sachs could have an impact on Merrill Lynch. Countrywide’s subprime mortgages are still being investigated.

BUY

Reporting on Fridays so it will be an interesting one. Trading at a big discount to BV. Great earnings power. Dilution because of the equity they had to issue. (See Top Picks.)

DON'T BUY

(Market Call Minute.) Still a work in progress. Speculative.

COMMENT

New management seems to be somewhat more conservative and more bottom line shareholder oriented. For a long-term investor, this US Bank will be one of the survivors. You might consider buying on a pullback.

DON'T BUY

Outlook for some of the big US banks is still pretty murky. Technically acting fairly well. This is a play on mortgages and should things continue to improve, they should do a little bit better. Has been tremendous dilution in some of the large banks and he feels it will be hard for them to get a return on equity going forward.

HOLD

US banks are totally protected and too big to fail but there are still hundreds of billions of losses still to come that they will have to write off so it will be slow going. This one is better than Citigroup (C-N) as they are paying off their TARP. Good for the long-term. Doesn't pay a dividend so he prefers Canadian bank stocks.

PAST TOP PICK

(A Top Pick March 27/09. Up 34.67%.)

DON'T BUY

They are going to muddle through. Doesn’t believe you can understand what you are buying with US banks. Still too much stuff off the balance sheet and can’t judge if it is adequate.

TOP PICK

Sees the banking system in the US as starting to stabilize. Tarp money has been paid back. Expect there will be a very robust M&A season coming, which will benefit them. Also have Merrill Lynch and Countrywide, 2 very sound companies. Trading at 70% of Book. Things it has earning powers of $2.50-$3. Won't be without hiccups.

DON'T BUY

It is clearly in the category of too big to fail. US Government has made it clear they will not allow that bank to go down. If they have to raise more capital then that means dilution.

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