We just covered the 10 Best Stocks to Buy Now According to Warren Buffett. Bank Of America Corp (NYSE:BAC) ranks #3  (see the 5 best stocks to buy now here).

Bank Of America Corp (NYSE:BAC) ranks third in our list of the best stocks to buy now, according to Warren Buffett’s Berkshire Hathaway.

Bank Of America Corp (NYSE:BAC) is starting to benefit from balance sheet decisions made during the low-rate period of 2020–2021, when it gathered large deposits and invested heavily in long-term securities. While those investments weighed on earnings as rates rose, their gradual maturity is allowing the bank to reinvest at higher yields, providing a lift to net interest income.

The stock trades at an attractive P/E ratio of 10.5 based on 2027 estimates. For 2026, Bank Of America Corp (NYSE:BAC) expects NII growth of 5–7%, which is healthy given the fact that we are in a hold or cut cycle from the Federal Reserve.

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While we acknowledge the potential of BAC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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