Warren Buffett and Jim Cramer Love These 5 Stocks

2. Bank of America Corporation (NYSE:BAC)

Warren Buffett’s Stake Value: $28,279,487,924

Jim Cramer back in August this year gave bullish views on Bank of America Corporation (NYSE:BAC). He said that Bank of America Corporation (NYSE:BAC)’s interest margins and profits are helped by the Fed’s rate hikes. In context of the regional banking crisis, Cramer said that he’s worried about small regional banks but is not worried about major banks like Bank of America Corporation (NYSE:BAC). Jim Cramer also praised Bank of America Corporation (NYSE:BAC)’s huge investments in technology and said the bank was now bearing fruit of its platform investments.

Warren Buffett also likes Bank of America Corporation (NYSE:BAC). As of the end of the third quarter of 2023, Berkshire Hathaway reported owning a $28.3 billion stake in Bank of America Corporation (NYSE:BAC).

Diamond Hill Select Strategy made the following comment about Bank of America Corporation (NYSE:BAC) in its Q2 2023 investor letter:

“Other bottom contributors included SunOpta, Bank of America Corporation (NYSE:BAC) and Texas Instruments. Bank of America (which we added to the portfolio in Q2) is among the US’s largest banks. Shares were pressured during the quarter against a still-challenging backdrop for banks, particularly as investors fret about rising deposit costs and the values of some longer-duration assets in a rising-rates environment.”