12 Most Undervalued S&P 500 Stocks to Buy Right Now

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2. Bank of America Corporation (NYSE:BAC)

Forward P/E Ratio: 13.73

Number of Hedge Fund Holders: 115

Bank of America Corporation (NYSE:BAC) is one of the Most Undervalued S&P 500 Stocks to Buy Right Now. On September 4, Bank of America Corporation’s (NYSE:BAC) Bank of America Private Bank and Merrill Wealth Management announced launching the Alts Expanded Access Program for ultra-high-net-worth clients. This new program is available to investors with a net worth of $50 million or more.

The program offers exclusive access to private market alternative investments. Management noted that these opportunities are usually reserved for institutional investors but are now being made available to select UHNW clients. The investments focus on emerging themes, niche strategies, and evolving sectors, providing more ways to diversify portfolios.

The program will be available in fall 2025 and is designed to complement the investment options available through Merrill’s and Bank of America Private Bank’s core Alternative Investments platform.

Bank of America Corporation (NYSE:BAC) is a major financial company that provides banking and investment services. It serves individuals, small businesses, and large corporations through its various segments.

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