11 Best Bear Market Stocks To Invest In Now

6. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 98    

Bank of America Corporation (NYSE:BAC) provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments. The worth of the firm as an attractive investment is highlighted by the following factors. Firstly, as per the report for the fourth quarter of 2024, the revenue of $25.3 billion represents a 15% increase, driven mainly by higher fees from asset management, investment banking, and sales and trading activities. Also, the net income was $6.7 billion, or $0.82 per diluted share, compared to $3.1 billion, or $0.35 per diluted share, in the fourth quarter of the prior year, reflecting the company’s strong profitability growth and improved performance. Moreover, the company has a consistent record of returning value to shareholders as it returned $5.5 billion to shareholders, with $2 billion through dividends and $3.5 billion via share repurchases. The return on average common shareholders’ equity of 9.4% and return on average tangible common shareholders’ equity of 12.6% reflect the company’s efficient use of equity to generate profits.