Jim Cramer’s Game Plan: 15 Stocks to Watch

3. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 113

Commenting on Bank of America Corporation (NYSE:BAC) during the episode, Cramer said:

“Tuesday, we hear from two more big banks and by this time, I gotta tell you, when we see the numbers from Bank of America and Citigroup, our eyes are going to glaze over. They shouldn’t but they will. I think that Bank of America will be the usual fine self and Citigroup’s gotten so loved that it’s probably going to roar no matter what is said, such is the admiration for CEO Jane Fraser and she certainly earned it.”

Bank of America (NYSE:BAC) is a long-standing financial institution. It offers services such as savings accounts, checking accounts, loans, investment management, and wealth planning. Hardman Johnston Global Equity Strategy stated the following regarding Bank of America Corporation (NYSE:BAC) in its Q4 2024 investor letter:

“Bank of America Corporation (NYSE:BAC) is the second largest bank in the developed world and operates the third largest branch network in the US. With 86% of revenues coming from the US, the bank is a clear beneficiary of the lower regulatory environment expected from the incoming administration. The company’s business is highly diversified across retail, commercial, wealth management, and investment banking, with significant scale across all verticals. Management believes there is a big opportunity going forward in growing and monetizing its mass retail client base. Wealth is another huge opportunity, with the Merrill Lynch platform enabling customers to make more transactions and purchase additional products. Lastly, Bank of America has an opportunity to increase efficiency through cost reduction and online banking. Our expectation is for the bank’s ROE to move significantly higher, driving EPS growth and higher multiples.”