10 Stocks Jim Cramer Talked About

8. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holdings: 111

Bank of America Corporation (NYSE:BAC) is one of the largest banks in America. Its shares are up by 23.8% over the past year. As it did with other bank stocks, Barclays started 2025 with a strong note for Bank of America Corporation (NYSE:BAC) as well. It raised the share price target to $71 from $59 and kept an Overweight rating on the stock. Barclays’ upgrade followed similar action from Truist in December. The financial firm had raised Bank of America Corporation (NYSE:BAC)’s share price target to $58 from $56 and kept a Buy rating on the shares. Truist explained that the upgrade came after it upgraded the bank’s FY27 earnings estimate. Yet while Barclays and Truist cited optimism for Bank of America Corporation (NYSE:BAC), Morgan Stanley reduced the share price target to $68 from $70 in December due to a downward estimate revision. Cramer had recently commented that JPMorgan’s multiple was an insult to CEO Jamie Dimon. In this appearance, he shared similar sentiments for Bank of America Corporation (NYSE:BAC):

“Look, Bank of America, okay, that sells at 15 times earnings. I’m sorry that’s an insult to Brian Moynihan. 15 times earnings, they have a lot of technology, they’ve done a really good job, they keep adding accounts. And it sells at 15 times earnings. So you can buy that and have it go higher.”