Reported 21 days ago
The article discusses whether Bank of America Corporation (BAC) is a recommended long-term stock to buy, according to billionaires. It highlights that BAC is well-regarded for its consistent dividend payments and strong financial performance, reporting a revenue growth of 6% year-over-year. Despite underperforming in the past compared to tech stocks, BAC has gained traction as dividend stocks are regaining investor interest post-market corrections. With a solid history of dividend increases and a favorable economic environment for dividend-paying stocks, BAC ranks as the 6th best long-term dividend stock among billionaire investors.
Source: YAHOO