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Leading the list stocks to buy is Bank of America, one of our most important financial institutions. The bank, which has almost $3 trillion in assets, operates under four divisions: consumer banking, global banking, global markets, as well as global wealth and investment management.
Bank of America announced first-quarter results in April. Revenue came at $22.8 billion. Net profit was $8.1 billion. Earnings-per-share (EPS) was 86 cents. A year ago, these metrics were $4.0 billion and 40 cents.
In the announcement, CEO Brian Moynihan said, “The strength of our balance sheet, our complementary and diverse set of businesses, and our talented teammates position us to perform well in that environment.”