|Bid||24.40 x 900|
|Ask||28.59 x 800|
|Day's range||26.25 - 26.49|
|52-week range||25.65 - 28.10|
|Beta (5Y monthly)||1.49|
|PE ratio (TTM)||7.39|
|Forward dividend & yield||1.50 (5.66%)|
|Ex-dividend date||31 Jan 2022|
|1y target est||N/A|
Bank of America has a lot going for it right now and should perform well in the projected economic environment in 2022.
Berkshire Hathaway CEO Warren Buffett is one of the most successful value investors of all time. Although classic value stocks fell out of favor during the nearly decade-long bull market over the course of 2010 to 2020, and Berkshire's stock underperformed some major U.S. stock indexes as a result, these tried and true investing vehicles are making a furious comeback during this current bear market. The long and short of it is that the increasing likelihood of rising interest rates and stubbornly high levels of inflation ought to favor Buffett's value-oriented approach to investing over narrative-driven growth stocks in 2022.
Many growth stocks have been crushed lately, and fears about inflation and rising interest rates are at least partially to blame. In this Fool Live video clip, recorded on Jan. 10, Fool.com contributors Danny Vena and Jason Hall discuss why Bank of America could be an excellent stock to buy as 2022 gets underway. Jason Hall: Chances are its earnings are going to go up.