5 Blue Chip Stocks in Warren Buffett’s Portfolio

2. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 84

Bank of America Corporation (NYSE:BAC) is a US-based multinational investment banking and financial services holding company. The company is among the top five blue chip stocks in Warren Buffett’s portfolio. It constitutes 13.6% of the portfolio, according to Berkshire Hathaway’s latest 13F holdings.

Bank of America Corporation (NYSE:BAC) was upgraded from Underperform to Neutral this March by David George, an analyst at Baird.

Bank of America Corporation’s (NYSE:BAC) EPS in the fourth quarter of 2021 was $0.8, beating estimates by $0.1. The company’s revenue was $22.1 billion, and the stock has gained 2.3% in the past six months.

There were 84 hedge funds holding stakes in Bank of America Corporation (NYSE:BAC) in the fourth quarter, compared to 72 hedge funds in the previous quarter. Their total stake values were $47.9 billion and $46.5 billion respectively.