Buy Bank of America Stock. Shares Look Cheap, Too.

This article is an excerpt from “Here Are Barron’s 10 Top Stocks for the New Year,” published on Dec. 16, 2022. To see the full list, click here.

Bank of America


‘s slogan in recent years has been “responsible growth,” and that is evident in the highest-quality loan portfolio among the biggest banks. Wall Street, however, isn’t treating the bank (ticker: BAC) much differently than its peers. The stock is down 25% this year to $33 as investors worry about the impact of a potential recession on the industry.