Bank of America provides banking and financial services for individuals, businesses, institutional investors, corporations and governments all around the world. Learn the latest information and analysis on the company, BAC stock price today, stock news, how much one share costs and other information to help you make investment decisions.
Bank of America is the second-largest US bank after JPMorgan and the eighth-largest bank in the world. BAC serves 67 million clients and manages 10% of all US bank deposits. Warren Buffett’s fund Berkshire Hathaway owns a massive $45 billion dollar stake in BAC, its second largest holding after Apple. Bank of America is in a good position to benefit from rising interest rates the Fed is promising to move faster on.
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The Bank of America stock price fell from $50 to $40 in the first quarter of 2022. Perhaps this makes it a great price for this Buffett favorite, which may as well grow back to $50 or even higher before the end of the year.
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