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Should You Forget Bank of America and Buy This Magnificent Bank Stock Instead?
AXPAmerican Express(AXP) The Motley Fool·2024-10-03 08:33

Warren Buffett might say you should. Bank of America (BAC 0.03%) has been one of Warren Buffett's favorite stocks for a while. He took a position for the first time in 2007, and it has become a sizable piece of the total since then. He made headlines over the past few months for selling off a percentage of his position in Bank of America, which could lead investors to believe he's not a big fan these days. However, that would be a mistaken assumption. Bank of America stock still accounts for a hefty 10% of ...