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Latest Guru Trades with BAC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ken Heebner 2014-09-30 Add 159.77%1.97%$14.98 - $17.18 $ 17.128%6650000
Mohnish Pabrai 2014-09-30 Reduce -7.61%1.19%$14.98 - $17.18 $ 17.128%4504000
Andreas Halvorsen 2014-09-30 New Buy0.67%$14.98 - $17.18 $ 17.128%9720300
Arnold Schneider 2014-09-30 Reduce -11.94%0.41%$14.98 - $17.18 $ 17.128%1813185
Bill Nygren 2014-09-30 Add 7.07%0.23%$14.98 - $17.18 $ 17.128%31800000
HOTCHKIS & WILEY 2014-09-30 Reduce -6.87%0.17%$14.98 - $17.18 $ 17.128%42790406
Bruce Berkowitz 2014-09-30 Reduce -0.73%0.11%$14.98 - $17.18 $ 17.128%97710665
Ruane Cunniff 2014-09-30 Add 22.78%0.01%$14.98 - $17.18 $ 17.128%538077
Joel Greenblatt 2014-09-30 Add 27.25%$14.98 - $17.18 $ 17.128%13018
Ken Heebner 2014-06-30 New Buy1%$14.51 - $17.34 $ 17.1210%2560000
Bill Nygren 2014-06-30 Add 24.01%0.64%$14.51 - $17.34 $ 17.1210%29700000
Andreas Halvorsen 2014-06-30 Sold Out 0.63%$14.51 - $17.34 $ 17.1210%0
Richard Pzena 2014-06-30 Add 24.27%0.53%$14.51 - $17.34 $ 17.1210%31436311
Arnold Schneider 2014-06-30 Add 14.97%0.44%$14.51 - $17.34 $ 17.1210%2059060
HOTCHKIS & WILEY 2014-06-30 Add 11.21%0.25%$14.51 - $17.34 $ 17.1210%45946297
Richard Snow 2014-06-30 Add 31.81%0.16%$14.51 - $17.34 $ 17.1210%1222330
Dodge & Cox 2014-06-30 Add 8.25%0.15%$14.51 - $17.34 $ 17.1210%134954397
David Dreman 2014-06-30 Reduce -27.97%0.06%$14.51 - $17.34 $ 17.1210%121724
Ruane Cunniff 2014-06-30 Add 2414.04%0.03%$14.51 - $17.34 $ 17.1210%438247
Joel Greenblatt 2014-06-30 New Buy$14.51 - $17.34 $ 17.1210%10230
Mohnish Pabrai 2014-03-31 Reduce -34.13%7.24%$15.54 - $17.92 $ 17.122%4875000
Andreas Halvorsen 2014-03-31 Reduce -74.45%1.86%$15.54 - $17.92 $ 17.122%8787660
Arnold Schneider 2014-03-31 Reduce -41.61%1.83%$15.54 - $17.92 $ 17.122%1790901
Charles Brandes 2014-03-31 Reduce -36.04%0.61%$15.54 - $17.92 $ 17.122%5641719
George Soros 2014-03-31 Sold Out 0.33%$15.54 - $17.92 $ 17.122%0
Bruce Berkowitz 2014-03-31 Reduce -0.8%0.13%$15.54 - $17.92 $ 17.122%98942515
David Dreman 2014-03-31 Add 60.68%0.08%$15.54 - $17.92 $ 17.122%168987
Chris Davis 2014-03-31 Reduce -22.46%0.01%$15.54 - $17.92 $ 17.122%628221
Andreas Halvorsen 2013-12-31 Reduce -23.4%0.8%$13.69 - $15.88 $ 17.1215%34392936
Charles Brandes 2013-12-31 Reduce -30.12%0.66%$13.69 - $15.88 $ 17.1215%8821088
David Tepper 2013-12-31 Sold Out 0.49%$13.69 - $15.88 $ 17.1215%0
George Soros 2013-12-31 New Buy0.33%$13.69 - $15.88 $ 17.1215%2516537
Mohnish Pabrai 2013-12-31 Reduce -1.35%0.3%$13.69 - $15.88 $ 17.1215%7401000
Brian Rogers 2013-12-31 Add 11.45%0.16%$13.69 - $15.88 $ 17.1215%29200986
Bill Nygren 2013-12-31 Add 4.36%0.13%$13.69 - $15.88 $ 17.1215%23950000
Richard Snow 2013-12-31 Add 24.46%0.1%$13.69 - $15.88 $ 17.1215%837585
David Dreman 2013-12-31 Reduce -41.89%0.1%$13.69 - $15.88 $ 17.1215%105168
Michael Price 2013-12-31 Reduce -28.57%0.04%$13.69 - $15.88 $ 17.1215%50000
John Keeley 2013-12-31 Sold Out 0.04%$13.69 - $15.88 $ 17.1215%0
Ray Dalio 2013-12-31 Sold Out 0.03%$13.69 - $15.88 $ 17.1215%0
Glenn Greenberg 2013-12-31 New Buy0.01%$13.69 - $15.88 $ 17.1215%14532
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Preferred stocks of Bank of America Corporation

SymbolPriceYieldDescription
BACPRH0.004.02Bank of America Corporation,8.20% Non-Cumulative Preferred Stock, Series H
BACPRL0.006.20
BMLpN/CL0.003.35Bank of America Corp., 6.70% Non-Cumul Perp Preferred Stock, Series 6
BMLPRL0.004.98Bank of America Corporation,Floating Rate Non-Cumulative Preferred Stock, Series 5
BMLpO/CL0.003.13Bank of America Corp., 6.25% Non-Cumul Perp Preferred Stock, Series 7
BMLPRQ0.004.23Bank of America Corp., 8.625% Dep Shares Noncumul Preferred Stock Series 8
BMLPRG0.004.08Bank of America Corporation,Floating Rate Non-Cumulative Preferred Stock, Series 1
BMLPRH0.004.17Bank of America Corporation,Floating Rate Non-Cumulative Preferred Stock, Series 2
BMLPRI0.006.34Bank of America Corporation,6.375% Non-Cumulative Preferred Stock, Series 3
BACPRJ0.005.33
BMLPRJ0.004.83Bank of America Corporation,Floating Rate Non-Cumulative Preferred Stock, Series 4
BACPRI0.006.30
BACPRD0.006.11ADR
BACPRE0.004.79ADR
BACRP0.000.00
BCXQL966.562.701/25th 5 1/5 % Non-Cum Perp Pfd Shs Series -U

Guru Investment Theses on Bank of America Corporation

Bruce Berkowitz Comments on Bank of America - Aug 04, 2014

Bank of America (BAC) common stock is the Fund’s third largest position. Acquiring and then fixing Countrywide Financial has cost the bank tens of billions. Finishing the task will, in our view, allow much more to drop to the bank’s bottom line.

From Bruce Berkowitz (Trades, Portfolio)'s Fairholme Fund Second Quarter 2014 Shareholder Letter.

Check out Bruce Berkowitz latest stock trades

Bill Nygren and David Herro Comment on Bank of America - Apr 14, 2014

Bank of America (BAC) was the top contributor for the quarter, returning 11%. The company's most recent quarterly earnings report demonstrated continued progress toward achieving management's expense reduction targets, driven in large part by declines in the cost of servicing its "legacy" mortgages. As management executes on its plan, investors have increasingly recognized the normalized earning power of Bank of America. We believe the combination of further operational improvements and the company's plan to return capital to shareholders – through its recently increased dividend and additional repurchase authorization – will lead to continued gains in the stock.



From Bill Nygren (Trades, Portfolio) and David Herro (Trades, Portfolio)'s Oakmark Global Select Fund first quarter 2014 commentary.

Check out Bill Nygren,David Herro latest stock trades

Bill Nygren Comments on Bank of America - Apr 10, 2014

Another top performer was our largest position, Bank of America (BAC). We still think the financial services sector is attractively valued, and with Bank of America, we are pleased to see investors recognize better visibility of higher future earnings and an enhanced capacity to return excess capital to shareholders.

From Bill Nygren (Trades, Portfolio)'s Oakmark Fund first quarter 2014 commentary.

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Top Ranked Articles about Bank of America Corporation

Logic Makes Steven Romick Skeptical Sometimes
Steven Romick Increases Positions, Russian Oil Companies in Q3
Manager of FPA Capital’s Crescent Fund Steven Romick (Trades, Portfolio) is skeptical of today’s market, as he explained in his shareholder letter and demonstrated in refusing to buy new stocks in the third quarter. Read more...
Bruce Berkowitz Comments on Bank of America
Bank of America (BAC) common stock is the Fund’s third largest position. Acquiring and then fixing Countrywide Financial has cost the bank tens of billions. Finishing the task will, in our view, allow much more to drop to the bank’s bottom line. Read more...
Fairholme Fund Second Quarter 2014 Shareholder Letter
To the Shareholders and the Directors of The Fairholme Fund (Trades, Portfolio): Read more...
Bruce Berkowitz's Fairholme Fund Second Quarter 2014 Shareholder Letter
To the Shareholders and the Directors of The Fairholme Fund (Trades, Portfolio): Read more...
The Financial Stocks Gurus Are Buying Now
This week, well-known value managers Oakmark Funds issued a report outlining the rationale for their outsized investments in U.S. banks, in spite of the negative press the institutions have received for over six years since the financial crisis. “The short answer,” they wrote, “is we find their risk profiles are much improved, along with management (where needed), and the valuations are quite attractive.” Read more...
Oakmark’s Bill Nygren's Top Holdings Led by Bank of America and Oracle
Also reported today, Oakmark’s Bill Nygren shared his first quarter portfolio which highlighted a rather eventful quarter for the guru. Nygren purchased five new stocks over the past quarter bringing his total number of stocks to 59. Nygren’s Oakmark Fund portfolio is currently valued at over $12.5 billion. Read more...
Top Five Guru-Held Financial Services Companies
Using the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies maintain the highest amount of guru ownership. By using this screener, we filtered down to see which financial services companies are held by the most gurus. As of the first quarter, the following five financially-based companies are held by the largest number of gurus. Read more...
T. Rowe Price Chief Investor Brian Rogers Answers Investors' Questions
In addition to his roles as chairman and chief investment officer of the $692 billion asset management firm T. Rowe Price, Brian Rogers (Trades, Portfolio) manages the T. Rowe Price Equity Income Fund (PRFDX), an income and value-oriented strategy. Read more about him here. Read more...
Warren Buffett's Invisible Top Holding - Bank of America
Warren Buffett (Trades, Portfolio) and Berkshire Hathaway (BRK.A)(BRK.B)’s largest stock positions as of 2013 year-end are American Express Company (AXP), The Coca-Cola Company (KO), ExxonMobil Corp. (XOM) and the Goldman Sachs Group Inc. (GS). Instead of IBM (IBM) as the next in line though, Buffett reminded shareholders in his 2013 annual letter that the warrants he owns for Bank of America (BAC) make it tantamount to his fifth largest stock investment. It is also “one we value highly,” he said. Read more...
» More Articles for BAC

Ratios

vs
industry
vs
history
P/E(ttm) 45.20
BAC's P/E(ttm) is ranked higher than
65% of the 2626 Companies
in the Global Banks - Global industry.

( Industry Median: 17.50 vs. BAC: 45.20 )
BAC' s 10-Year P/E(ttm) Range
Min: 3.79   Max: 629.64
Current: 45.2

3.79
629.64
P/B 0.82
BAC's P/B is ranked higher than
89% of the 2626 Companies
in the Global Banks - Global industry.

( Industry Median: 1.34 vs. BAC: 0.82 )
BAC' s 10-Year P/B Range
Min: 0.12   Max: 2.57
Current: 0.82

0.12
2.57
P/S 2.15
BAC's P/S is ranked higher than
87% of the 2626 Companies
in the Global Banks - Global industry.

( Industry Median: 3.61 vs. BAC: 2.15 )
BAC' s 10-Year P/S Range
Min: 0.18   Max: 3.62
Current: 2.15

0.18
3.62
PFCF 4.86
BAC's PFCF is ranked higher than
95% of the 2626 Companies
in the Global Banks - Global industry.

( Industry Median: 9999.00 vs. BAC: 4.86 )
BAC' s 10-Year PFCF Range
Min: 0.3   Max: 471.55
Current: 4.86

0.3
471.55
EV-to-EBIT 53.96
BAC's EV-to-EBIT is ranked higher than
60% of the 2626 Companies
in the Global Banks - Global industry.

( Industry Median: 19.80 vs. BAC: 53.96 )
BAC' s 10-Year EV-to-EBIT Range
Min: -1595   Max: 663.9
Current: 53.96

-1595
663.9
PEG 2.81
BAC's PEG is ranked higher than
85% of the 2626 Companies
in the Global Banks - Global industry.

( Industry Median: 9999.00 vs. BAC: 2.81 )
BAC' s 10-Year PEG Range
Min: 0.73   Max: 5.77
Current: 2.81

0.73
5.77
Shiller P/E 462.99
BAC's Shiller P/E is ranked higher than
75% of the 2626 Companies
in the Global Banks - Global industry.

( Industry Median: 9999.00 vs. BAC: 462.99 )
BAC' s 10-Year Shiller P/E Range
Min: 0.9   Max: 434
Current: 462.99

0.9
434

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.47
BAC's Dividend Yield is ranked lower than
90% of the 1871 Companies
in the Global Banks - Global industry.

( Industry Median: 2.25 vs. BAC: 0.47 )
BAC' s 10-Year Dividend Yield Range
Min: 0.22   Max: 59.1
Current: 0.47

0.22
59.1
Dividend Payout 0.20
BAC's Dividend Payout is ranked higher than
98% of the 2626 Companies
in the Global Banks - Global industry.

( Industry Median: 0.60 vs. BAC: 0.20 )
BAC' s 10-Year Dividend Payout Range
Min: 0.02   Max: 13.33
Current: 0.2

0.02
13.33
Yield on cost (5-Year) 0.50
BAC's Yield on cost (5-Year) is ranked lower than
88% of the 1883 Companies
in the Global Banks - Global industry.

( Industry Median: 2.50 vs. BAC: 0.50 )
BAC' s 10-Year Yield on cost (5-Year) Range
Min: 0.22   Max: 59.1
Current: 0.5

0.22
59.1
Share Buyback Rate -5.50
BAC's Share Buyback Rate is ranked higher than
63% of the 1472 Companies
in the Global Banks - Global industry.

( Industry Median: -1.90 vs. BAC: -5.50 )
BAC' s 10-Year Share Buyback Rate Range
Min: 4.1   Max: -47
Current: -5.5

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.27
BAC's Price/Tangible Book is ranked higher than
78% of the 2626 Companies
in the Global Banks - Global industry.

( Industry Median: 1.62 vs. BAC: 1.27 )
BAC' s 10-Year Price/Tangible Book Range
Min: 0.46   Max: 7.07
Current: 1.27

0.46
7.07
Price/DCF (Projected) 0.28
BAC's Price/DCF (Projected) is ranked higher than
95% of the 2626 Companies
in the Global Banks - Global industry.

( Industry Median: 5.54 vs. BAC: 0.28 )
BAC' s 10-Year Price/DCF (Projected) Range
Min: 0.11   Max: 49.08
Current: 0.28

0.11
49.08
Price/Median PS Value 1.09
BAC's Price/Median PS Value is ranked higher than
80% of the 2626 Companies
in the Global Banks - Global industry.

( Industry Median: 1.25 vs. BAC: 1.09 )
BAC' s 10-Year Price/Median PS Value Range
Min: 0.2   Max: 2.12
Current: 1.09

0.2
2.12
Price/Graham Number 1.32
BAC's Price/Graham Number is ranked higher than
70% of the 2626 Companies
in the Global Banks - Global industry.

( Industry Median: 1.19 vs. BAC: 1.32 )
BAC' s 10-Year Price/Graham Number Range
Min: 0.31   Max: 8.04
Current: 1.32

0.31
8.04
Earnings Yield (Greenblatt) 1.90
BAC's Earnings Yield (Greenblatt) is ranked higher than
55% of the 1973 Companies
in the Global Banks - Global industry.

( Industry Median: 6.60 vs. BAC: 1.90 )
BAC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.2   Max: 7.5
Current: 1.9

0.2
7.5
Forward Rate of Return (Yacktman) 24.98
BAC's Forward Rate of Return (Yacktman) is ranked higher than
84% of the 1512 Companies
in the Global Banks - Global industry.

( Industry Median: 13.69 vs. BAC: 24.98 )
BAC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -35.6   Max: 114.7
Current: 24.98

-35.6
114.7

Business Description

Industry: Banks » Banks - Global
Compare:MTB, USB, PNC, PB, CFR » details
Traded in other countries:BAC.UK, 8648.Japan, NCB.Germany, BCXQL.USA, BOAC34.Brazil, BAC.Mexico, BA.C.Argentina, BAC.Chile
Bank of America Corporation was incorporated on July 31, 1998 in Delaware. The Company through its banking and various non-banking subsidiaries, throughout the United States and in selected international markets provides a diversified range of banking and non-banking financial services and products through five business segments namely Consumer and Business Banking, Consumer Real Estate Services, Global Wealth and Investment Management, Global Banking and Global Markets. Consumer and Business Banking is comprised of Deposits and Consumer Lending. It offers a diversified range of credit, banking and investment products and services to consumers and businesses. Consumer Real Estate Services operations include Home Loans and Legacy Assets & Servicing. Home Loans is responsible for ongoing loan production activities. Legacy Assets & Servicing is responsible for all mortgage servicing activities related to loans serviced for others and loans held by the Corporation, including loans that have been designated as the Legacy Assets & Servicing Portfolios. Global Wealth and Investment Management segment consists of Merrill Lynch Global Wealth Management (MLGWM) and U.S. Trust, Bank of America Private Wealth Management (U.S. Trust).MLGWM's advisory business provides a high-touch client experience through a network of financial advisors focused on clients with over $250,000 in total investable assets. Global banking includes Global Corporate and Global Commercial Banking, and Investment Banking. It provides lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services through its network of offices and client relationship teams. Global Markets offers sales and trading services, including research, to institutional clients across fixed-income, credit, currency, and commodity and equity businesses. Its product coverage includes securities and derivative products in both the primary and secondary markets. It also provides market-making, financing, securities clearing, settlement and custody services internationally to its institutional investor clients in support of their investing and trading activities.
» More Articles for BAC

Headlines

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Your first trade for Thursday Nov 19 2014

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