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Bill Combs
@billcombs · Oct 16

Finally, Bank of America also reported very solid results. I have shares of $BAC in my portfolio and they make me happy. While the stock is already up more than 20% for the year, the price doesn't seem that high to me yet.

Would it make sense for you to buy shares of $BAC even at the current price?

A community member's personal view, not investment advice. Community Guidelines

AA
Ashraf Aboudar @ashraf_dd Oct 22

The bank is good, but not as great as it could be. I'm not changing anything in my portfolio here and I'm still holding $JPM.

BC
Bill Combs @billcombs Oct 29

I can see that, I didn't expect much else with you😂

NT
Nigel Thornton @_thornton Oct 21

It's too late now. The price is high the stock won't rise as much. I'll definitely wait for some more downside or choose DCA on $BLK stock.

BC
Bill Combs @billcombs Oct 21

$BLK is a great company and if they drop the price I would really like to buy.

CB
Clive Bennett @_clivy Oct 21

It may not be bad for an add, but I probably wouldn't base a position on that price.

BC
Bill Combs @billcombs Oct 21

Agreed, I'm not even gonna buy more.

GP
Gareth Preston @gaz_preston Oct 21

I probably wouldn't buy at the current price. The price is pretty high now and it's likely that now that interest rates are coming down, the banks will do less well.

CB
Clive Bennett @_clivy Oct 21

On the other hand, now interest rates will be lower, so people will borrow more and the bank will make more money from that, right?

MS
Malcolm Stokes @stokes_malky Oct 16

I have shares of $BAC in my portfolio, but the current price is high enough that I won't be overbought right now.

TM
Trevor Mills @trev_mills Oct 17

What's your average purchase price at $BAC?

JS
James Smith @smithonian Oct 16

For me in the bank's portfolio so far so good. I am very happy with $JPM and $BARC.L I won't add a third representative just yet, but if I had to choose, $BAC would be a solid candidate.

BC
Bill Combs @billcombs Oct 21

Great, I got it backwards. I have BAC in my portfolio, and if I want to add anything, it's going to be $JPM.

MD
Monday Dayton @mondaydayton Oct 16

Congratulations, I feel the same way you do. Great bank, great results and makes me happy, profit + dividends. Should I buy now? ...hard to say, I'm not buying now, I want to keep buying good and especially the results are good because of the high interest rates the banks have benefited from and now and further down next year, so I don't think the results will be like that anymore. Like everywhere, I think there is cyclicality here and buying banks at good prices again will be on/before some crisis and subsequent high CPI.

BC
Bill Combs @billcombs Oct 21

I totally agree and see it very similarly. I don't think I'll buy now and wait for a downturn or that crisis.

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