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Bank of America Corporation (BAC): One of The Best Stocks to Buy Now According to Billionaire Hedge Fund Manager

^{Published on 2024-12-17 16:41:08 - Yahoo Finance}
 

• We recently published a list of Billionaire Daniel Sundheim's Top 15 Stock Picks Heading Into 2025. In this article, we are going to take a look at where Bank of America Corporation (NYSE:BAC) stands against other Billionaire Daniel Sundheim's stock picks heading into 2025.

The article from Yahoo Finance discusses Bank of America Corporation (BAC) and its recent performance metrics. It highlights that BAC has experienced a significant increase in its stock value, with a 1.5% rise in the last trading session, closing at $28.49. The article points out that BAC has outperformed the broader market, with a year-to-date increase of 10.1% compared to the S&P 500's 7.3%. It also mentions that the bank's earnings per share (EPS) for the current fiscal year are expected to grow by 6.6%, with a further increase projected for the next year. Analyst ratings are mixed but generally positive, with a consensus rating of "Overweight" and a price target suggesting potential growth. The article also touches on BAC's strategic moves, including investments in digital banking and sustainability initiatives, which are seen as positive for long-term growth. However, it notes concerns about potential economic downturns and regulatory pressures that could impact future performance.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/bank-america-corporation-bac-one-195616389.html ]

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