5 Stocks Warren Buffett and Insiders Are Crazy About

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1. Bank of America Corp (NYSE:BAC)

Warren Buffett’s Stake: $34,776,127,042

Thomas Woods, a board member at Bank of America Corp (NYSE:BAC), bought 25,000 shares of the bank on November 1, 2023, at $26.25 per share. At that time Bank of America Corp (NYSE:BAC) stock was trading at $26.40, while on March 6 the stock price was $35.39. This shows a gain of about 34%.

Warren Buffett’s Berkshire owns a $34 billion stake in Bank of America Corp (NYSE:BAC) as of the end of the fourth quarter of 2023.

Diamond Hill Large Cap Strategy stated the following regarding Bank of America Corporation (NYSE:BAC) in its fourth quarter 2023 investor letter:

“Among our top individual contributors in Q4 were KKR and Bank of America Corporation (NYSE:BAC). Banking and financial services company Bank of America rallied alongside large-cap banks broadly in Q4 as the market focused less on interest-rate risks amid the Fed’s announcement it was likely done raising interest rates. Banks also likely generally benefited from a relief rally following three-plus quarters of negative sentiment to start the year. Industry trends aside, however, we maintain our conviction in Bank of America’s position given its diversified, low-cost deposit base, which we believe remains less susceptible to flight.”

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