Billionaire Daniel Sundheim’s Top 15 Stock Picks Heading Into 2025

9. Bank of America Corporation (NYSE:BAC)

D1 Capital Partners’ Equity Stake: $174.86 Million

Number of Hedge Fund Holders as of Q3 2024: 98

Bank of America Corporation (NYSE:BAC) is one of the largest banks that offer banking and financial products and services. It generates revenues by offering saving accounts, wealth management, certificates of deposit, investment funds, and credit and debit cards. It is one of the financial institutions that has benefited from the high interest rate environment. Its stock is up by more than 34% for the year.

The outperformance comes from the financial juggernaut leveraging its substantial size, influence and diversified product portfolio to generate solid financial results. The growing popularity of digital banking is helping Bank of America Corporation (NYSE:BAC), which has many active users on its digital platforms. Consequently, it has increased its market share and drawn in more clients by investing in technology in this rapidly changing industry.

Additionally, Bank of America Corporation (NYSE:BAC) is one of Billionaire Daniel Sundheim’s top 15 stock picks heading into 2025 owing to the strategic deals it has inked that affirm its long-term prospects. For starters, it has initiated a strategic partnership with FIFA and expanded into new markets through branch network growth.

Bank of America Corporation (NYSE:BAC) excels in attracting and retaining customers through digital innovation, including its AI-powered assistant, Erica, which has surpassed 2 billion interactions. The bank’s focus on technology has led to a 94% increase in AI and ML patents since 2022, with nearly 1,100 patents and applications. Overall, BAC holds nearly 7,000 patents, the most in the financial services industry, thanks to its 7,500 inventors in 14 countries and 42 U.S. states.