Bank of America Corporation (NYSE:BAC) is one of the 22 stocks Jim Cramer recently talked about. Discussing the recent dividend boosts by the bank stocks, including BAC, Cramer stated:
“Bank of America announced a 7.7% dividend increase and now it’s got a 2.3% yield… Bank of America and Wells Fargo are the next cheapest, but they both trade at a little less than 2 times tangible book value, a huge premium to Citi… And look, when you judge the bank stocks on a price-to-earnings basis, you get a similar story… Bank of America and Wells Fargo, 13 and 14 times earnings, respectively… The weakest Bank of America, still up nearly 11% for the year…
A professional banker providing consultation to a customer in the security of his office.
Bank of America (NYSE:BAC) is a financial institution that provides banking and financial services such as savings accounts, checking accounts, loan products, investment management, and wealth management solutions.
While we acknowledge the potential of BAC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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