The S&P 500 recently reached a new all-time high, signaling that a new bull market has officially begun. However, there are some stocks that still look extremely attractive. In this video, Fool.com contributor Matt Frankel explains why Bank of America (NYSE: BAC) is on his buy list, while colleague Tyler Crowe shares what he's adding to his portfolio.
*Stock prices used were the afternoon prices of Feb. 1, 2024. The video was published on Feb. 2, 2024.
Should you invest $1,000 in Bank of America right now?
Before you buy stock in Bank of America, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Bank of America wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
*Stock Advisor returns as of January 29, 2024
Bank of America is an advertising partner of The Ascent, a Motley Fool company. Matthew Frankel, CFP® has positions in Bank of America. Tyler Crowe has positions in HF Sinclair. The Motley Fool has positions in and recommends Bank of America. The Motley Fool has a disclosure policy.
Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.