Bank of America (BAC) is considered a cheap NYSE stock to invest in by hedge funds.

From Yahoo Finance: 2025-04-11 16:43:00

JPMorgan Asset Management’s Jack Caffrey discusses market trends on CNBC’s Squawk Box, emphasizing diversified portfolios and the importance of ‘time in the market’ over ‘timing the market’. He highlights the difficulty in predicting market sentiment and notes the recent rebounds in the market following sell-offs in 2022 and 2023.
Stimulus measures in Europe are transitioning from monetary to fiscal policies, providing new opportunities for investors.
Bank of America Corporation (NYSE:BAC) is a cheap NYSE stock for hedge funds to invest in, with a forward P/E ratio of 9.62 and 113 hedge fund holders. The company offers financial products and services across various segments, with strong revenue growth in its Consumer Banking division and investments in digital capabilities for continued expansion.
Hardman Johnston Global Equity Strategy sees growth potential in Bank of America Corporation, citing its diversified business model and expected benefits from a lower regulatory environment. The bank’s focus on efficiency, online banking, and wealth management present opportunities for increased earnings growth and higher multiples.
Bank of America Corporation (NYSE:BAC) ranks 3rd on the list of cheap NYSE stocks to invest in according to hedge funds. While BAC shows growth potential, there are promising AI stocks with high returns potential in a shorter time frame. Investors can explore opportunities in AI stocks for significant gains.

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