Bank of America Corporation (NYSE:BAC) is among the 15 Best Passive Income Stocks to Buy Right Now. Morgan Stanley reaffirms its Overweight rating and $70 price target on BAC after investor day, citing a path to 16-18% return on tangible common equity.

During investor day, CEO Brian Moynihan highlighted strong earnings growth expectations and plans to increase corporate banking revenue at a mid-single-digit compound rate, with growth in overseas markets. Bank of America has invested over $5 billion in expanding its presence nationwide.

Bank of America ranks among the largest financial institutions, providing banking, investment, and financial management services globally. While BAC offers potential as an investment, some AI stocks may offer greater upside potential and less downside risk. Check out the best short-term AI stock for more information.

Read more at Yahoo Finance: Morgan Stanley Reaffirms Overweight Rating on Bank of America (BAC) After Investor Day