5 Best Affordable Stocks Under $40

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1. Bank of America Corporation (NYSE:BAC)

Share Price as of May 8: $37.71

Number of Hedge Fund Holders: 88

Headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan, the Bank of America Corporation (NYSE:BAC) is an American multinational investment bank and financial services holding company.

As of May 8, the company’s quarterly dividend stands at $0.24 per share, resulting in a dividend yield of 2.55%. Notably, it has consistently made dividend payments to shareholders for the past 25 years.

In December 2023, 96 out of the 933 hedge funds included in Insider Monkey’s research were investors in the firm. Bank of America Corporation (NYSE:BAC)’s largest shareholder is Buffett’s firm, with a substantial $34.7 billion investment.

You can also take a look at 12 Cheap Lithium Stocks to Buy According to Analysts and 20 Fastest Growing Fintech Companies In 2024

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