10 Best Stocks to Buy According to Billionaire Chris Rokos

8. Bank of America Corporation (NYSE:BAC)

Rokos Capital Management’s Stake as of Q4 2024: $107.2 million

Number of Hedge Fund Holders: 113

Bank of America Corporation (NYSE:BAC) is a financial holding company that offers a variety of services, including savings accounts, deposits, wealth and cash management, investment funds, online banking, and other financial products.

On April 16, RBC Capital Markets adjusted its price target for Bank of America Corporation (NYSE:BAC) shares to $45 from $50, while keeping an Outperform rating. The firm also cited Bank of America’s major de-risking procedures adopted over the last 15 years. RBC Capital thinks that these initiatives will enable the bank to effectively manage a potential slowdown in the US economy and its implications for loan patterns, while avoiding significant damage to its net income or capital.

The bank’s first-quarter 2025 results were strong, with earnings per share jumping to $0.90, up 18.4% from the previous year, and revenue increasing 6.2% to $27.4 billion. The revenue growth was driven by noninterest income growth in all segments. The company’s net interest income came in at $14.4 billion, up 3% year-over-year.