Q: Hi, Pat. I have held Bank of America for a number of years and have a profit of over 50%. Do you see a further increase in value of this stock in the future? Also, I hear that Warren Buffett is buying more shares. Thanks.

A: Bank of America, $24.89, symbol BAC on New York (Shares outstanding: 10.6 billion; Market cap: $260.6 billion, www.bankofamerica.com), has moved up since November 2016, along with many other U.S. bank stocks.

Those gains are partly because the Trump administration has pledged to reduce some of… Read More

Global markets bolster BNS

Canadian bank stocks continue to benefit from a growing economy and falling unemployment. Still, their share prices have moved sideways since the start of 2017 over concerns rising interest rates could slow demand for mortgages and other loans.

We feel the big five banks will… Read More

Five buys to enhance your Finance holdings

Higher interest rates, and plans by the U.S. Federal Reserve to further raise them, have spurred big gains for U.S. bank stocks. They’ve also lifted the outlook for other Finance-sector companies.
We continue to recommend investors buy non-bank stocks as a part of their Finance-sector holdings… Read More