Barclays Analyst Bullish on Bank of America (BAC)

Bank of America Corporation (NYSE:BAC) is 1 of the best dividend stocks successful the fiscal sector. On November 17, Barclays expert Jason Goldberg maintained a Buy proposal connected Bank of America stock, with a $59 terms target.

In a abstracted institution announcement, dated November 13, Bank of America shared that it is debuting 401k Pay, which is an innovative integer solution to easy and efficiently alteration 401k assets into status funds. The work became disposable connected November 17, with nary further interest for the company’s sponsors oregon clients. 401k Pay is simply a one-stop solution that provides grounds management, aggregate deposit options, and investing tips. The users tin conveniently deposit and travel their net till retirement.

Photo by Mirza Babic connected Unsplash

Lorna Sabbia, who is the Head of Workplace Benefits astatine Bank of America Corporation (NYSE:BAC), commented regarding the integer solution:

"401k Pay was developed hand-in-hand with our firm clients who wanted to connection their employees a status income solution. Including status income resources similar 401k Pay arsenic portion of their workplace benefits offerings provides employers with the accidental to amended fiscal outcomes for their employees and tin assistance thrust existent concern results – including helping to amended productivity, worker occupation restitution and retention.”

Bank of America is simply a fiscal instauration that caters to consumers, businesses, organization investors, and authorities clients. Its operations are divided into 4 segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, and Global Markets.

While we admit the imaginable of BAC arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: Dow 20 Stocks List: Ranked By Hedge Fund Bullishness Index and 10 Unstoppable Dividend Stocks to Buy Now.

Disclosure. None.