5 Biggest Stocks That Benefit From High Interest Rates

3. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 88     

Bank of America Corporation (NYSE:BAC) provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments. On December 14, investment advisory Odeon Capital upgraded Bank of America Corporation (NYSE:BAC) stock to Buy from Hold with a price target of $37.94. 

Among the hedge funds being tracked by Insider Monkey, Omaha, Nebraska-based investment firm Berkshire Hathaway is a leading shareholder in Bank of America Corporation (NYSE:BAC) with 1 billion shares worth more than $28 billion.