This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Credit Suisse's 4 Stocks With Huge Upside

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

2. Bank of America (BAC - Get Report) is a diversified financial services company, with investment-, commercial- and retail-banking operations.

Left for dead during the financial crisis, its stock has more than tripled since the March 2009 market low. In recent quarters, ongoing mortgage woes and credit write-downs have hampered performance. Most recently, management's request to boost its dividend was denied by the Federal Reserve, indicating that Bank of America is still viewed as a troubled institution and needs to raise further capital and work through ongoing housing market issues on the liability side. The stock has tumbled 27% in 12 months.

Recent news flow has been undeniably negative for Bank of America, providing an opportunity for value-oriented investors to initiate positions, in Credit Suisse's view. Credit Suisse expects the stock to advance 47% to $20. The consensus on Wall Street is that Bank of America's equity is undervalued. It currently sells for 7.6-times forward earnings, 0.6-times book value, 1-times sales and just 1.7-times cash flow, representing discounts of 32%, 37%, 42% and 69%, respectively. Currently, 54% of researchers in coverage advise purchasing shares and the remainder recommend holding them. Bank of America is scheduled to report fourth quarter results April 15.

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
BAC $16.36 -0.52%
CS $26.09 0.50%
INTC $32.64 -1.70%
MS $37.41 -1.30%
S $4.90 -4.90%

Markets

DOW 17,911.65 -158.75 -0.88%
S&P 500 2,091.79 -22.70 -1.07%
NASDAQ 4,940.3570 -76.5720 -1.53%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs