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

Bank of America Corporation (NYSE:BAC) is one of the best dividend stocks to buy according to hedge funds. On November 19, Chris Kotowski, an Oppenheimer analyst, reiterated a Buy recommendation on BAC. The price target was set at 55.InaNovember5reportbyFortune,itwasrevealedthatBankofAmericasyearlyexpenditurehasrisenby4455. In a November 5 report by Fortune, it was revealed that Bank of America’s yearly expenditure has risen by 44% over the course of the last ten years, reaching 4 billion in 2025. The increase in spending stemmed from new tech initiatives, notably the adoption of artificial i ...