MicroStockHub We previously covered Bank of America (NYSE:NYSE:BAC) in October 2023, discussing the massive pessimism embedded in the stock’s valuations and its mixed prospects, thanks to the mistaken perception that its unrealized losses were growing. While we continued rating the stock as a Buy here, thanks to the outperformance of its quarterly financial reports, investors…
LunaKate Bank of America (NYSE:BAC)’s shares have rallied 10% so far in FY 2024 on expectations that the Federal Reserve will delay its rate pivot and not push for a lower federal fund rates in the very short term. The change in the Fed’s tightening policy obviously benefits large Wall Street banks like Bank of…
Spencer Platt/Getty Images News Introduction Bank of America (NYSE:BAC) is one of the largest financial institutions in the United States, and this banking giant with worldwide presence likely doesn’t need a lengthy introduction. While the common shares are well covered here on Seeking Alpha by a myriad of authors, I have been keeping an eye…
Bloomberg/Bloomberg via Getty Images Introduction Based on the read count and comments connected to my recent articles reviewing preferred stocks issued by banks, I searched for bank preferred stocks not covered yet. I found two issued by Bank of America (NYSE:BAC) that lacked covered on Seeking Alpha. They are: Bank of America Corporation 5% NCUM…
J. Michael Jones There has been a lot of speculation about “hold to maturity” issues at Bank of America (NYSE:BAC) that have created a lot of probably unnecessary fears. The sheer amount of misunderstanding about this part of the industry has led to a lot of market miscalculations as to the value of the common…
Bank of America CEO Brian Moynihan Drew Angerer Bank of America Corporation (NYSE:BAC) just released its fourth quarter earnings. The release was a miss on revenue but a beat on adjusted earnings per share (“EPS”). Expectations were muted heading into the release. Wall Street expected Bank of America to do $23.73 billion in revenue and…
fotoslavt/iStock via Getty Images In our last article, we gave (NYSE:BAC) a rare buy rating. We had the coupling of extreme valuations alongside some other factors that setup extraordinary returns. Our point is that the bond bear story, even if it pans out longer term, will take time to do so. There are no one-way…
Brandon Bell Bank of America Corporation (NYSE:BAC) or BofA investors received a delightful early Christmas gift from Santa, as BAC has significantly outperformed the S&P 500 (SPX) (SPY) since my previous update in September 2023. I urged investors to capitalize on the implied pessimism in BAC’s valuation, as those attractive levels “might be gone if…
Justin Sullivan/Getty Images News Introduction A few weeks ago, I wrote an article on the so-called “busted” preferred shares issued by Bank of America (NYSE:BAC) as it was unlikely that those shares will be force-converted anytime soon. While I have pretty much always focused on the Series L preferred shares, Bank of America has issued…
Brandon Bell The Federal Reserve’s decision to effectively end its cycle of interest rate growth has been the major reason for me to liquidate all of my bank holdings, including PNC Financial (PNC), U.S. Bancorp (USB), Wells Fargo (WFC), and now Bank of America (NYSE:BAC). Bank of America’s shares have soared following the Fed’s announcement…
Brian Moynihan Drew Angerer Bank of America (NYSE:BAC) is a stock I’ve had some great experiences with lately. I bought it heavily during the Spring 2023 banking crisis, then again during the treasury yield panic, eventually making the stock the biggest holding in my portfolio. I thought it was a good buy because it was…
tupungato We rate Bank of America (NYSE:BAC) as a buy as we notice the bank’s business model and solvency are still strong even in the context of permanent high interest rates. The reason behind the drop in the stock price might be associated with the deterioration of held-to-maturity assets, which were mostly acquired in 2020…
CribbVisuals/iStock Unreleased via Getty Images On our last work on Bank of America (NYSE:BAC) we focused on the fact that margins were past their peak. These margins were of course the net interest margins and while we did like the value, we felt a buy rating would just not make sense. Whether or BAC’s margins…
Spencer Platt/Getty Images News 2023 has been an amazingly frustrating year for bank shareholders. The fundamentals have generally been pretty good, particularly for the big banks, but the bears have been quite successful in driving prices down based on dire innuendo, or even bank runs on several banks that ended up failing as a result….
Brandon Bell Bank of America Corporation (NYSE:BAC) has just reported its Q3 earnings, as Seeking Alpha has reported here. EPS beat estimates by 8 cents while revenue beat by $130 million. The stock is up about 1% pre-market as of this writing. Judging by the market’s somewhat muted reaction, it sounds like an “okay” report….
Brian Moynihan Speaks At Georgetown University Drew Angerer Bank of America Corporation (NYSE:BAC) just released its fiscal third quarter earnings. The release beat on revenue and as well as on EPS. Going into the release, analysts were expecting the following: $25.07 billion in revenue. $0.82 in earnings per share (“EPS”). Relative to these expectations, BAC’s…
Spencer Platt/Getty Images News With a market capitalization of over $213 billion, Bank of America (NYSE:BAC) is not only one of the largest financial institutions on the planet but also one of the largest publicly traded companies, period. Despite this massive size, shares have actually taken a beating over the past year. The stock is…
Brian Moynihan Ian Forsyth/Getty Images News Bank of America (NYSE:BAC) recently announced a 9% dividend hike. The holder of record date for the stock is September 1, and the ex-dividend date is August 31. If you wish to grab Bank of America’s upcoming dividend, you’ll need to own the stock before August 31. This may…
Justin Sullivan Diversify your clients I’d like to reiterate my previous article’s buy rating for Bank of America (NYSE:BAC) and examine why Warren Buffett and Charlie Munger still hold the company as the top bank holding at Berkshire Hathaway (BRK.B)(BRK.A). They have a great diversification of clients and account types, with under 50% of the…