This is primarily an investor/portfolio commentary piece rather than a new earnings release, guidance change, or discrete corporate action. It can still support a mildly positive long-term view due to implied endorsement and referenced performance.
Bank of America Corporation (BAC): One of the Top Financial Stocks According to Berkshire Hathaway Usman Kabir Mon, June 22, 2026 at 4:53 PM GMT+2 2 min read BAC BRK-B We just covered the 10 Best Financial Stocks to Buy According to Warren Buffett and Bank of America Corporation (NYSE:BAC) ranks 2nd on this list. Bank of America Corporation (NYSE:BAC) is a long-term bet of Berkshire Hathaway. The stock has consistently featured in the 13F portfolio of the hedge fund since the third quarter of 2017.
Back then, this position comprised 679 million shares. The fund steadily added to this stake in the coming months, growing it to more than 877 million shares by late 2018 and then to over 1 billion shares by early 2023. Since then, this stake has been trimmed.
Filings for the first quarter of 2026 show that the fund owns over 513 million shares in the company, down a little under 1% compared to filings for the previous quarter. 10 Best Bank Penny Stocks to Buy Now Bank of America Corporation (NYSE:BAC) posted earnings for the first quarter of 2026 in mid-April, comfortably beating analyst expectations. The firm posted a diluted EPS of $1.
11, handily beating the Wall Street consensus forecast of $1. 01 to $1. 02 per share.
Total revenue grew 7. 2% year-over-year to $30. 43 billion.
The net interest income gap between what the bank collects on loans and what it pays to depositors expanded to $15. 9 billion, representing a 9% year-over-year gain that outpaced the $15. 67 billion forecast reported by CNBC.
Investment banking fees of the bank have skyrocketed 21% to $1. 8 billion, driven by major roles in multibillion-dollar mega-mergers, such as Devon Energy’s $26 billion deal and Boston Scientific’s $14. 9 billion acquisition of Penumbra.
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 . READ NEXT: Growth Stock Portfolio: 12 Stock Picks by Carl C.
Icahn and Chris Rokos Stock Portfolio: Top 10 Stock Picks . Disclosure: None. Follow Insider Monkey on Google News .
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