5 Best Value Stocks to Buy Now

3. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 99

Based in North Carolina, Bank of America Corporation (NYSE:BAC) is a multinational investment bank that offers financial services. Although big banks are sensitive to economic trends such as potential recessions which could send the stock lower in the next few years, Bank of America Corporation (NYSE:BAC) is still considered a value stock in the long term given the company’s market share in banking and its price to book ratio of 1.13.

Many hedge funds like the stock. According to Insider Monkey’s Q2 data, 99 hedge funds had stakes in Bank of America Corporation (NYSE:BAC). Warren Buffett’s Berkshire Hathaway had the largest numbers of shares in Bank of America Corporation (NYSE:BAC) worth $31.44 billion.