Bank of America Gains Jim Cramer's Backing Amid Fintech Funding and Strong Institutional Support

Bank of America Corporation (NYSE:BAC) is one of Jim Cramer’s Recession-Proof Stock Picks.

Addressing the stock in one of his episodes, Jim Cramer says, “Don’t wait”.

On September 23, 2025, Bank of America Corporation (NYSE:BAC), alongside other major banks including Citi and Goldman Sachs, backed a $136 million funding round for Fnality. The London-based fintech, Fnality, lets banks engage in transactions through a digital cash asset backed with funds at the Bank of England. On October 1, 2025, RBC Capital reiterated a Buy rating on the stock while maintaining a modest price target of $56. The stock’s closing price, as of October 3, 2025, stands at $50.64. It is worth noting that over the month, Bank of America Corporation (NYSE:BAC) has climbed by 1.16%.

When addressing the stock in one of his episodes in July 2025, Jim Cramer made the following remark.

“One day, Berkshire will finish selling, and when that happens, you’ll be paying a much higher price-to-earnings multiple for this fine bag. My advice: Don’t wait for them to finish. There’ll be a good quarter.”

Bank of America Corporation (NYSE:BAC) is also supported by notable institutional confidence, with a massive 115 hedge funds invested in the stock as of the second quarter of 2025.

Founded in 1998, Bank of America Corporation (NYSE:BAC) is a leading American multinational investment bank and financial services holding company, operating from its headquarters in North Carolina. The company offers a full range of banking, investing, asset management, and other financial and risk management products and services.

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