5 Best Bank Stocks To Invest In For Long-Term

2. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Investors In Q4 2023: 96

Bank of America Corporation (NYSE:BAC) is one of the largest domestic banks in the U.S. It’s been performing well on the financial front as of late by having beaten analyst EPS estimates in all four of its latest quarters. The stock is rated Strong Buy on average, and the average analyst share price target is $35.29.

Insider Monkey’s fourth quarter of 2023 survey covering 933 hedge funds revealed that 96 had held a stake in the bank. The biggest Bank of America Corporation (NYSE:BAC) investor among these is none other than Warren Buffett’s Berkshire Hathaway due to its $34.7 billion investment.

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