Q: I am up nicely with BAC. I got in when our dollar was stranger against the US. My question is should I get out now and switch to a Canadian bank to take advantage of the gains I've made on the currency side of things? Or do you think I'm safe to let it ride a while because we will continue to see a weak Canadian dollar?
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: I am thinking of adding US financial services to my diversified rsp portfolio. I am ideally looking for a CDN dollar etf that invests in/takes advantage of value priced US financials at close to book. Bank of America, Citigroup are examples. Time frame is 7 to 10 years. Thanks as always
Q: Hi,
Do you think I should wait to get into some US banks or invest now? What do you think of the names I've provided and can you give me a name or two you think would be suitable for a long term hold for a medium risk investor?
Do you think I should wait to get into some US banks or invest now? What do you think of the names I've provided and can you give me a name or two you think would be suitable for a long term hold for a medium risk investor?
Q: Hello Peter and Team,
Please feel free to answer this question, I understand that your expertise is Cnd. market, however I value your opinion.
I would like to add a foreign bank to my portfolio.
I am tempted by either Bank of America or Loyd Banking (LYG).
Any thoughts?
Regards
Please feel free to answer this question, I understand that your expertise is Cnd. market, however I value your opinion.
I would like to add a foreign bank to my portfolio.
I am tempted by either Bank of America or Loyd Banking (LYG).
Any thoughts?
Regards
Q: Hi 5i
I bought Bank of America for 16.60 in an RRSP account. Do you think they will increase their dividend anytime soon and what do you think of company long term? I was disappointed with their "accounting error"
Thanks
Greg
I bought Bank of America for 16.60 in an RRSP account. Do you think they will increase their dividend anytime soon and what do you think of company long term? I was disappointed with their "accounting error"
Thanks
Greg
Q: Was wondering if you could please comment on the big US bank stocks. Where do you see them heading in the short and long-term?? I am particularly interested in JPM, C and BAC. Are they buys, hold or sell?? More interested in the long-term outlook. Thanks.
Q: Have today's events changed your resolve on Bank of America ? Thankyou.
Q: Hi Peter: I'm up an average of 20% on two US banks C and BAC. They seem to have flattened out the last while. Should I take the profit and run to something that has better upside potential or stay the course. My time horizon is 2 years max, I have plenty of Canadian banks.
Thanks
Thanks
Q: Do you feel Bank of America ( BAC ) , which I bought on Friday , is heading up or did it just top out ? Have I made a timing error ?
Q: Would you advise a switch from Goldman Sachs (GS) to Bank of America (BAC)? Bank of America seems cheaper on a P/B basis and no more expensive on forward P/E.
Q: Dear Peter and Staff,
Bank of America is being taken off the Dow; would you please give me your opinion of what might happen to the stock price. Should I hang on or take my gain and move along?
Many thanks, a day doesn't go by without my reading your questions/answers etc. Your service has been a tremendous help.
Many thanks, Catharine
Bank of America is being taken off the Dow; would you please give me your opinion of what might happen to the stock price. Should I hang on or take my gain and move along?
Many thanks, a day doesn't go by without my reading your questions/answers etc. Your service has been a tremendous help.
Many thanks, Catharine
Q: Dear Team: I want to buy 1 call option contract for BAC for January 2015 at $15.00 in my TFSA.
Today that would cost about 1.78. I know you only want to do Cdn stocks, so if you do not
want to give an opinion on doing this for BAC do you have a better suggestion which would be
Cdn? I bot your portfolio, and my jaw drops as I watch many of those stocks!! (like CSU or MG or Valeant) Thanks so much for your support. Jean
Today that would cost about 1.78. I know you only want to do Cdn stocks, so if you do not
want to give an opinion on doing this for BAC do you have a better suggestion which would be
Cdn? I bot your portfolio, and my jaw drops as I watch many of those stocks!! (like CSU or MG or Valeant) Thanks so much for your support. Jean
Q: Hello 5i Team,
What are your comments on the announcement that the US Government has launched a law suit against BAC. I'm in this one for a long term hold so not too concerned about volatility as I think the price will increase in the future.
Also I should ask if you think BAC is a good long term play in the US financials or o you think others will fair better? Perhaps a US financial ETF with a small grouping?
Thanks again for all your comments, replies and work.
Paul
What are your comments on the announcement that the US Government has launched a law suit against BAC. I'm in this one for a long term hold so not too concerned about volatility as I think the price will increase in the future.
Also I should ask if you think BAC is a good long term play in the US financials or o you think others will fair better? Perhaps a US financial ETF with a small grouping?
Thanks again for all your comments, replies and work.
Paul
Q: Hello, I wonder if you can comment on BAC's most recent earnings? The main criticism of them seems to be that revenue isn't growing adequately. is this a significant concern or impatience? Peter
Q: During the financial bailout of US banks in 2008 under TARP, companies such as Bank of America, Wells Fargo and JP Morgan issued long-term warrants that mature in 2018/2019. What are your thoughts in using the warrants as a way to play the US financial sector?
Thanks
Thanks
Q: I'd be interested in your thoughts on the current share price of BAC. I've had a nice run since acquiring a position in April/12 but am questioning myself as to the potential upside of the stock in the next 12 months.
Q: Any thoughts about Bank of America, I realize it may be off your radar screen but I think it is intriguing as a turnaround stock it certainly has legacy concerns from the acquisition of Country Wide but it seems to be becoming more focused, should see declining loan loss provisions, and should have significant tax loss carry forwards?