Building an investment portfolio from scratch can be difficult, especially if you're new to investing. It's easy to feel overwhelmed with so many different investment options out there, but focusing on stocks that are set to outperform the market over the next 12 months is an excellent place to start.
Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
Why You Should Pay Attention to Bank of America (BAC)
Headquartered in Charlotte, NC, Bank of America Corporation (incorporated in 1874) is one of the largest financial holding companies in the United States. With total assets worth $3.35 trillion as of March 31, 2025, it provides a diverse range of banking and non-banking financial services and products through 3,681 financial centers and 14,866 automated telling machines (ATMs) across the country.
Since being added to the Zacks Focus List on January 9, 2017 at $22.68 per share, shares of BAC have increased 94.36% to $44.08.
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Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.01 to $3.68. BAC boasts an average earnings surprise of 6.6%.
Additionally, Bank of America's earnings are expected to grow 12.2% for the current fiscal year.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like BAC, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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Bank of America Corporation (BAC) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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