5 Best Bank Stocks for 2021

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1. Bank of America Corporation (NYSE: BAC)

Topping the list of 10 best bank stocks for 2021 is Bank of America, the second-largest banking company in the country. As of the end of 2020, Bank of America has over $2.82 trillion worth of assets. The bank operates in over 35 countries and serves of 66 million consumer accounts. In the fourth quarter, Bank of America’s profit fell 28% to $0.59 per share, but surpassed the Wall Street’s estimate of $0.55 Revenue in the period fell 10% to $20.2 billion, missing the analysts’ forecasts by about $500 million.

A total of 99 hedge funds tracked by Insider Monkey were long BAC at the end of December 2020, compared to 88 funds a quarter earlier.

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You can also take a peek at George Soros’ Top 10 Stock Picks and 15 Most Valuable Cloud Computing Companies.

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