Billionaire Portfolio: 5 Cheap Stocks Top Billionaires Are Accumulating

3. Bank of America Corporation (NYSE:BAC)

Bank of America Corporation (NYSE:BAC) is among our picks on the list titled billionaire portfolio: 7 cheap stocks top billionaires are accumulating.

On March 27, 2026, Bank of America Corporation (NYSE:BAC) came into the spotlight when Reuters reported the bank’s $72.5 million settlement tied to a civil lawsuit.

A woman had filed a lawsuit against the company in October, accusing Bank of America Corporation (NYSE:BAC) of facilitating sexual abuse by Jeffrey Epstein. While the settlement awaits approval from U.S. District Judge Jed Rakoff, it was reported that both parties had broadly agreed to settle. A court hearing is scheduled for Thursday.

Bank of America Corporation (NYSE:BAC) denies that it facilitated sex trafficking, saying its legal defense was valid. However, the bank agreed to pay to put the case behind it and provide the women closure. Meanwhile, the outcome benefits class members, with many having suffered harm years ago and now requiring financial relief.

In January, Rakoff said Bank of America Corporation (NYSE:BAC) must face claims under the federal Trafficking Victims Protection Act as the case falls within broader litigation targeting alleged Epstein enablers.

Bank of America Corporation (NYSE:BAC) provides consumer banking, wealth management, global banking, and global markets services. Its products include checking and savings accounts, credit cards, mortgages, investment advisory, and corporate lending.