5 Warren Buffett Stocks That Are On Sale Now

4. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 90
Year to date loss: 20%

Bank of America Corporation (NYSE:BAC) is a company that provides banking, financial products, and services to individuals and small and medium-sized businesses. Its Consumer Banking segment offers regular and high-interest savings accounts.

Buffett first got involved with the company in 2017, acquiring 679 million shares at an average price of $24.27 a share. The legendary investor owned 1.03 billion shares in the company in the second quarter of 2023. Bank of America Corporation (NYSE:BAC)’s most significant shareholder is Berkshire Hathaway through its $29.63 billion investment.

Early this year, the legendary investor reiterated they are cautious about ownership of banks as the banking crisis escalated. The corners have been justified as the stock has underperformed and is down by about 20% year to date.

After digging through 910 hedge funds for their second quarter of 2023 shareholdings, Insider Monkey discovered that 90 had held a stake in the firm.

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