Bank of America Gains Jim Cramer’s Backing Amid Fintech Funding and Strong Institutional Support

Core Insights - Bank of America Corporation (NYSE:BAC) is recognized as a recession-proof stock by Jim Cramer, who advises investors not to wait to buy [1] - The company participated in a $136 million funding round for fintech firm Fnality, indicating strong institutional support and engagement in digital cash transactions [2] - As of October 3, 2025, Bank of America's stock price is $50.64, reflecting a 1.16% increase over the month [2] - Institutional confidence is significant, with 115 hedge funds invested in Bank of America as of Q2 2025 [3] - The company is a leading American multinational investment bank and financial services holding company, offering a comprehensive range of financial products and services [4]