5 Most Profitable Bank Stocks To Invest In

2. Bank of America Corporation (NYSE:BAC)

Latest TTM Net Income: $28.93 billion

Number of Hedge Fund Holders: 88

Bank of America Corporation (NYSE:BAC) is a prominent American multinational investment bank and financial services holding company, headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. Serving a diverse clientele, including individual consumers, small and mid-sized businesses, institutional investors, large corporations, and governments globally, the bank offers a quarterly dividend of $0.24 per share, resulting in a dividend yield of 3.00% as of December 12.

By the end of Q3 2023, 88 out of the 910 hedge funds tracked by Insider Monkey had invested in Bank of America Corporation (NYSE:BAC). Warren Buffett’s Berkshire Hathaway held the largest stake in the company, with a $28.2 billion investment.