Jim Cramer’s Latest Lightning Round: 5 Stock Recommendations

1. Bank of America Corp (NYSE:BAC)

Number of Hedge Fund Investors: 96

Jim Cramer was recently asked about Bank of America Corp (NYSE:BAC) during a latest Lightning Round segment of his program on CNBC. Cramer said he thinks Bank of America Corp (NYSE:BAC) is a “very inexpensive stock” which trades at “ten times earnings.” Cramer also said Bank of America Corp (NYSE:BAC) is “doing well.” He also highlighted that Bank of America Corp (NYSE:BAC) is a Warren Buffett stock. As of the end of 2023 the Oracle of Omaha had a $35 billion stake in Bank of America Corp (NYSE:BAC).

Cramer also commented on Bank of America Corp’s (NYSE:BAC) dividend yield and said:

“I like that.”

Jim Cramer also praised Bank of America Corp’s (NYSE:BAC) CEO Brian Moynihan and said the executive is “doing an excellent job.”

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.”

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the Jim Cramer’s 11 Latest Stock Picks and the Jim Cramer Says You Should Stay Away from These 10 Stocks.