We just covered the 10 Best Financial Stocks to Buy According to Warren Buffett and Bank of America Corporation (NYSE:BAC) ranks 2nd on this list.
Bank of America Corporation (NYSE:BAC) is a long-term bet of Berkshire Hathaway
The stock has consistently featured in the 13F portfolio of the hedge fund since the third quarter of 2017. Back then, this position comprised 679 million shares. The fund steadily added to this stake in the coming months, growing it to more than 877 million shares by late 2018 and then to over 1 billion shares by early 2023.
Since then, this stake has been trimmed. Filings for the first quarter of 2026 show that the fund owns over 513 million shares in the company, down a little under 1% compared to filings for the previous quarter. Bank of America Corporation (NYSE:BAC) posted earnings for the first quarter of 2026 in mid-April, comfortably beating analyst expectations.