Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTRamish CheemaTue, June 30, 2026 at 7:28 PM GMT+2 2 min readBank Of America Corp (NYSE:BAC) is one of the 10 Best Long-Term Stocks to Buy Now According to Warren Buffett.Bank Of America Corp (NYSE:BAC) is another long-time Berkshire Hathaway holding. The investment giant had disclosed holding 679 million shares that were worth $17.2 billion in Q3 2017. It maintained this level until Q2 2018 and saw the stake's value jump to $19.1 billion. Then, Berkshire gradually grew the number of shares that it held to 1.01 billion in Q3 2020. It sustained these holdings until Q4 2022 and bumped them up to 1.03 billion in the subsequent quarter. The stake's value peaked at $41 billion in Q2 2024, and it, and the number of shares have dropped since then. The latest stake is worth $25 billion and comes courtesy of 513 million.Bank Of America Corp (BAC) Is A Long Time Berkshire Hathaway Holding Pixabay/Public DomainCiti was out with constructive coverage for Bank Of America Corp (NYSE:BAC)'s shares on June 23rd. It reiterated a Buy rating and increased the share price target to $66 from $62. The bank based its optimism on Bank Of America Corp (NYSE:BAC)'s commentary and remarked that it expected the coverage target to deliver strong second quarter earnings. On the 26th, Truist raised the share price target to $64 from $61 and kept a Buy rating on the stock.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.READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.Disclosure: None. Follow Insider Monkey on Google News.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info