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Should You Buy Bank of America Stock With $2,000 Right Now and Hold Forever?
Bank of America (NYSE: BAC) recently reported financial results for the first quarter of 2025. The numbers exceeded Wall Street expectations, as revenue totaled $27.4 billion (up 6.2% year over year) and diluted earnings per share came in at $0.90 (up 18%). The shares rose 4% the day after the earnings announcement.But that still doesn't make up for the fact that this top bank stock is trading more than 20% below its 52-week high. Investors might be sharpening their pencils to analyze this opportunity.Should you buy Bank of America right now with $2,000 and hold it forever? Continue reading
Bank of America (NYSE: BAC) recently reported financial results for the first quarter of 2025. The numbers exceeded Wall Street expectations, as revenue totaled $27.4 billion (up 6.2% year over year) and diluted earnings per share came in at $0.90 (up 18%). The shares rose 4% the day after the earnings announcement.
But that still doesn't make up for the fact that this top bank stock is trading more than 20% below its 52-week high. Investors might be sharpening their pencils to analyze this opportunity.
Should you buy Bank of America right now with $2,000 and hold it forever?
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