5 Safe Stocks To Invest In For The Long-Term in 2023

2. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 90

Bank of America Corporation (NYSE: BAC) is a leading American multinational investment bank and financial services holding company, with its headquarters located at the Bank of America Corporate Center in Charlotte, North Carolina. The bank serves a wide range of clients, including individual consumers, small and mid-sized businesses, institutional investors, large corporations, and governments on a global scale. The American banking institution delivers a quarterly dividend of $0.24 per share, generating a dividend yield of 3.80% as of October 24.

According to Insider Monkey’s second quarter database, 90 hedge funds were bullish on Bank of America Corporation (NYSE:BAC), compared to 91 in the prior quarter. Warren Buffett’s Berkshire Hathaway is the top stakeholder of the firm, with close to 1.03 billion shares worth approximately $29.6 billion.

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