If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.

Now, let's take a deep dive into a great stock that could be just the right addition to your portfolio.

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 $3.26 trillion as of Dec. 31, 2024, it provides a diverse range of banking and non-banking financial services and products through 3,700 financial centers and 14,893 automated telling machines (ATMs) across the country.

On January 9, 2017, BAC was added to the Zacks Focus List at $22.68 per share. Shares have increased 110.49% to $47.74 since then.

Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.04 to $3.69. BAC boasts an average earnings surprise of 5.8%.

Additionally, Bank of America's earnings are expected to grow 12.5% 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

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