14 Best Holding Company Stocks to Buy Right Now

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4. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 113

Bank of America Corporation (NYSE:BAC) is one of the biggest financial institutions in the United States that serves individuals, small to medium-sized businesses, large entities, and the government. The company offers a complete banking experience with supporting services such as investment management, risk management products, and other financial products and services. In the fourth quarter of 2024, the company generated $6.7 billion in net income, with its consumer banking segment making most of it at $2.8 billion, followed by its global banking segment at $2.1 billion. In addition to that, during the quarter, Bank of America Corporation (NYSE:BAC) logged $14.4 billion in net interest income, up by 3% from the fourth quarter of 2023.

Similarly, during the fiscal year 2024, BAC generated $101.9 billion in revenue, up from $98.6 billion during the same quarter in the previous year. The total net income generated during the year was worth $27.1 billion, up from $26.5 billion in the fourth quarter of 2023. In an impressive feat, Bank of America Corporation (NYSE:BAC) saw consumer investment assets reaching $518 billion, up by 22%. The company boasts a solid financial position, allowing it to return $21 billion of capital to shareholders in 2024. Bank of America Corporation (NYSE:BAC) expects to carry momentum in 2025 amid a solid economic backdrop and a supporting regulatory environment.

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