Jim Cramer on Bank of America: "It's a Very Inexpensive Stock"

Bank of America Corporation (NYSE:BAC) is one of the stocks Jim Cramer had in this week’s game plan. As the company is set to hold its analyst meeting this week, Cramer said:

“Now, it’s tough to get data without a government, you know, with this government shutdown, right? But you know who has the best? I think Bank of America does, and it holds an analyst meeting on Wednesday. We’re going to find out more about the consumer from them than anybody else. I think it’ll tell a relatively sanguine story about the state of the economy and the bank, and it could be uplifting. It’s a very inexpensive stock.”

Bank of America Corporation (NYSE:BAC) provides banking, investment, and financial services including ending, wealth management, trading, and advisory solutions. During the October 6 episode, a caller asked if they should take profit from the stock, Cramer replied:

“Let Bank of America ride. It’s very inexpensive. I think it can go much higher. I don’t think it’s going to be stuck at this level, and I like the way the financials trade very much. You’ll do well with Bank of America.”

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.

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Disclosure: None. This article is originally published at Insider Monkey.