5 Most Profitable Banks in the US in 2024

2. Bank of America Corporation (NYSE:BAC)

Trailing Twelve Month Net Income: $26.5 billion

Bank of America Corporation (NYSE:BAC) is another mega American bank. It led the charge this bank earnings season, and the revenue and EPS of $25.82 billion and 83 cents beat analyst estimates of  $25.5 billion and 76 cents, respectively.

Insider Monkey scoured through 933 hedge fund portfolios for last year’s fourth quarter to find that 96 had invested in the bank. Warren Buffett’s Berkshire Hathaway is the largest Bank of America Corporation (NYSE:BAC) hedge fund shareholder through its $34.7 billion investment.

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