Bank of America is updated and remains rated Speculative (higher) Buy at $14.75. As I read the Q22 report, it is clear that many aspects of the operation are improving greatly. I started to plan to buy some more shares. But then spending some time reading the annual report I focused on how complex this bank is. It is not the ideal type of investment because it is definitely somewhat speculative. But it is crawling out a hole and likely will be a good investment at this price. It is nowhere nearly as well managed as Wells Fargo, but it may be the better investment at this price. I may or may not add to my position.
This week we will get a number of Q2 reports for Canadian companies.