Oppenheimer has a Positive Outlook on Bank of America (BAC)

In a November 5 study by Fortune, it was revealed that Bank of America’s yearly expenditure has risen by 44% implicit the people of the past 10 years, reaching $4 cardinal successful 2025. The summation successful spending stemmed from caller tech initiatives, notably the adoption of artificial quality wrong the bank.

Pixabay/Public Domain

Hari Gopalkrishnan, BAC’s main exertion and accusation officer, mentioned to Fortune:

“We person steadily accrued our walk successful technology, present up to $13 cardinal a year, of which $4 cardinal goes into strategical growth. We leverage crossed the enterprise, truthful each dollar you walk gets the maximum bang for the buck, arsenic opposed to benignant of being siloed by enactment of business.”

Gopalkrishnan mentioned that the latest AI products and applications volition beryllium scaled and implemented crossed each of the 8 concern segments astatine Bank of America.

Bank of America Corporation (NYSE:BAC) is 1 of the astir fashionable dividend stocks among hedge funds, with the institution boasting 20 years of dividend payouts.

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.