One of the country’s largest banks by assets and branches, Bank of America also provides credit cards, asset management, and other money-related services.
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BAC is the IBM of bank stocks: solid, necessary and is secure in its spot in financials. P/E is 10.84. Has great dividends; dividend reinvestment assures additional growth especially for long-term hold. Its target is higher than what i expect it will be, as i see it settling in around $58-$62. It's a keeper stock and can only add strength and income to my portfolio. I agree with the analysts consensus: "Strong buy/Buy/Hold". I say hold forever.