5 Best Stocks Under $100

3. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 100

Bank of America Corporation (NYSE:BAC) is one of the world’s leading financial institutions, serving individual consumers and businesses with a full range of banking, investing, asset management and other financial and risk management products and services. For Q4 2022, Bank of America Corporation (NYSE:BAC) had net income of $7.1 billion or $0.85 per diluted share, compared to $7 billion or $0.82 per diluted share for Q4 2021 with higher net interest income being one reason. In February, Bloomberg reported that Bank of America Corporation (NYSE:BAC) is planning to cut jobs in its investment bank with potentially under 200 bankers affected globally.