Bank of America Corp (NYSE:BAC)

CAPS Rating: 4 out of 5

One of the country’s largest banks by assets and branches, Bank of America also provides credit cards, asset management, and other money-related services.

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Member Avatar bigfan1 (< 20) Submitted: 2/27/2015 10:39:41 AM : Outperform Start Price: $15.73 BAC Score: +0.87

With fed looking to raise interest rates this year, BAC should improve, and profit.

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Member Avatar nino (< 20) Submitted: 2/27/2015 9:00:31 AM : Outperform Start Price: $15.78 BAC Score: +0.47

what do you think about bank of america (bac)

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Member Avatar moneyman999 (38.63) Submitted: 2/15/2015 1:47:56 AM : Outperform Start Price: $16.52 BAC Score: -4.93

Bad times in the rear view mirror this stock is considerably undervalued.The rise over the next 3-5 yrs could be upwards of 25%

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Member Avatar Freeze703 (33.83) Submitted: 2/4/2015 3:36:29 PM : Outperform Start Price: $15.90 BAC Score: -3.51

Does anybody genuinely feel bad for the likes of JPM & BAC as their stocks get thrown around like rag dolls and outperformed by broader markets? It pains me to read the bulls’ case for these guys: “legal fees can’t last forever ya know…” or “…how about those interest rate cuts looming huh, get excited!” I can’t recall an innovative thought from either upper management in the past decade. With so many examples of good businesses paired with great leadership in an encouraged market – who in their right mind would consider this industry a sure thing?

Set aside thoughts of “ohh a 15 dollar stock that may be worth 20 sooner or later” and consider simply what these banks did to our housing market and millions of Americans over the past decade. We were pawns to their profits. We did business with them in the form of loans and they turned and sold [transferred] our business for a small cut. This is the most illogical action ever accepted by a consumer of a product/service. Imagine getting cable service from DirectTV but a month into the contract they sell the agreement to another provider; now you have Verizon. No disputing it or complaining, just keep sending us payment. Sound like a decent operation? This is so far from the standard “the customer is always right” business our society has come to demand. It’s worse…. the customer doesn’t even matter!

Internal oversight, greed, and corruption had these guys screaming “Yes!!” to any and every loan applicant from the turn of the century up and into 2007. They didn’t care about your credit history, or the likelihood that you could repay; they cared about pooling another loan and selling another MBS. Mortgage Backed Securities were the “Apple Watch” for the major financial institutions: certain to soothe longer term investing concerns by appearing as a certain stream of profits for generations to come. Argument can be made they’re still just as hopeful it’ll fall through the regulating cracks and stick: look at the lending from 2014 alone for scary parallels.

As a general rule of thumb, when you’re the cause of every new regulation implemented, you haven’t done good business. Quite frankly, Ocwen is the tip of the iceberg for home-loan servicing malpractice; an iceberg which I believe will eventually force the bigger players to fragment the financial institution business model (as they’re being pressured to do currently) simply to disassociate from their skeletons and the cloud of negativity. We know the S&P offered a hand by manipulating, or flat out falsifying, the riskiness of those Mortgage Back Securities [for which they just received their own wrist slapping]; and we also know these institutions continue attempts at cutting every corner in the foreclosure process as a means of expediting their retention of some sort of collateral, this being in the form of a house.

I’ll take Double Dipping for 300 Alex!

Get serious, they sold a bunch of garbage loans to Nationstar, Seterus, PHH and the likes and our mouths water over the balance sheets now. Forgive my LOL, but that's it? That's "the plan"?? Thousands of home-owners default due to major deficiencies in quality control, houses are remaining vacant for years prior to even beginning foreclosure proceedings, and they amended, deleted, and revised everything in the MERS database [yes, info they input themselves] three times over to the tune of thousands of homes being left with no clear title... but we are absolutely friggin’ certain litigation fees and costs will be void from financials near term. Wait, what?

Truth of the matter is we don’t know what ‘banks’ are going to be in 10 years, let alone 20 and 30. Banking has been revolutionized by ease of payment, brick-&-mortar closings in place of online institutions, countless alternatives in lending, and the never ending list of regulations pending and/or certain to come. If you’re buying the stock because you’re confident a change in leadership could potentially provide a boost, that’s fine – just say that. If you’re investing long term only because you know they’re simply too big to vanish in a decades time, fine, there’s merit to that. If you’re short because you realize more bad will come than anything resembling good near term, no problem, I get it. But please don’t suggest these major financial institutions are making monumental strides by simply doing more of the same.

Outperform solely due to the bargain price.

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Member Avatar Stemler (< 20) Submitted: 2/3/2015 3:20:04 PM : Outperform Start Price: $15.87 BAC Score: -3.41

BofA needs to clean itself up and move away from the sins if the past. A clean opearting structure will provide for more transparency and allow the market to see actual value. Market Value is being weighed down right now do to lack of visibility not only into the govt reg fallout but also interest rate environment. It is additionally hurt by the lack of transparency of its business units and any associated liabilities.

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Member Avatar Carvski (43.10) Submitted: 1/15/2015 3:18:08 PM : Outperform Start Price: $15.44 BAC Score: -2.98

Good entry point after pullback. I think BAC and other banking stocks (JPM, C, etc) rebound in second half of 2015.

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Member Avatar optioncoach (97.40) Submitted: 1/15/2015 2:33:14 PM : Outperform Start Price: $15.28 BAC Score: -2.03

After the sell off in the banks the value of this bank I feel is a must buy. I think this could easily trade back up to 18, and much higher longer term. They as well as most of the other banks are still working off the issues with the government. They may face some headwinds from low interest rates, but they will have opportunity if the economy will continue to grow and eventually work out of the cycle and get interest rates up again. That is where the real money is made for the banks. There is some short term play on this one and the long term looks great also.

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Member Avatar Chainsawramone (< 20) Submitted: 1/8/2015 12:20:48 AM : Outperform Start Price: $17.16 BAC Score: -11.13

buying each time it goes below $17.00. Have heard target price for book value at $23.00 ( believe seeking alpha article). But believe bank is not going anywhere but up if you have long time line. Some might view this as dead money. time line is 10 years

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Member Avatar blaketford (46.31) Submitted: 1/3/2015 8:45:11 PM : Outperform Start Price: $17.78 BAC Score: -14.28

cash flood will soon be diverted from fines to coffers

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Member Avatar ELVIS4CAD (< 20) Submitted: 12/24/2014 2:38:07 PM : Outperform Start Price: $18.02 BAC Score: -13.39

BAC will always be a good bet. But what hurts them is their customer service. They need to be more customer friendly. I have lots of shares and will walk into BAC's just to test their service. It has always been bad...and i'm a shareholder!. They need to change their approach to service. Sadly, I'm in it for the profits.

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Member Avatar Amoeba17 (63.65) Submitted: 12/18/2014 2:47:45 PM : Outperform Start Price: $17.41 BAC Score: -11.89

I'm not a bank fan, but this stock will go up nicely over the next few years. I can see it hitting $30 easily by 2016

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Member Avatar mccarrara (54.48) Submitted: 12/2/2014 12:42:34 PM : Outperform Start Price: $16.99 BAC Score: -8.90

Banks will have slow grow for the next several years.

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Member Avatar garysalyer (< 20) Submitted: 10/20/2014 9:02:30 PM : Outperform Start Price: $16.38 BAC Score: -13.39

bac

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Member Avatar PViddy (27.73) Submitted: 10/14/2014 10:57:51 AM : Underperform Start Price: $16.46 BAC Score: +15.72

Red thumbing financials. Predicting a softening in the US economy and deteriorating credit metrics. Mainly in housing and auto loans.

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Member Avatar NetsMasters (38.05) Submitted: 10/1/2014 10:20:09 PM : Underperform Start Price: $16.81 BAC Score: +14.44

.................No country has survived a more than 50% Government circular money exchange system. The rapid break down will occur within the next 5 years.

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Member Avatar JohnBelg (43.58) Submitted: 9/26/2014 12:28:05 PM : Outperform Start Price: $16.93 BAC Score: -13.55

Very low valuation presently and legal problems appear to be mostly behind it.

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Member Avatar kembs (60.91) Submitted: 9/25/2014 9:38:49 AM : Outperform Start Price: $17.06 BAC Score: -13.43

Troubles behind it, full steam ahead

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Member Avatar mrfore4471 (59.69) Submitted: 9/20/2014 11:53:06 AM : Outperform Start Price: $17.04 BAC Score: -12.37

I think the worst of their problems are behind them; earnings before special items have been improving and Merrill Lynch has been doing well.

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Member Avatar CUTIGER75 (< 20) Submitted: 9/13/2014 7:49:57 AM : Outperform Start Price: $16.37 BAC Score: -13.37

Best branch network in US and a crown jewel in Merrill Lynch . Starting to put legal issues behind it and can now focus on growing revenues and profits.

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Member Avatar srockaz (< 20) Submitted: 8/15/2014 9:15:30 PM : Outperform Start Price: $15.19 BAC Score: -2.95

Book value and future rising interest rates

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