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other cheap NYSE stocksInsider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
•Business
Business & Economics
81% Informative
Bank of America Corporation ( NYSE :BAC) Forward P/E Ratio as of April 8 : 9.62 Number of Hedge Fund Holders: 113 Number of hedge funds that have stakes in them, as of Q4 2024 .
The company's Consumer Banking division made $11 billion in revenue, which contributed 40% to the total earnings in 2024 .
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.
BAC ranks 3rd on our list of cheap NYSE stocks to invest in according to hedge funds.
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