There are currently only two bank stocks inside the top 100 most popular stocks traded on the online brokerage platform Robinhood. This should not come as a surprise, as banks are not exactly flashy like the tech industry and therefore do not command the same attention from retail traders. Honestly, I am surprised that there are any bank stocks inside Robinhood's 100 most popular stocks. Let's take a look at what these two lucky banks are, why they are popular among retail traders, and if they are good investments.

Bank of America(NYSE:BAC) is the second-largest bank in the U.S. with more than $2.8 trillion in assets at the end of 2020. The bank likely has one person to thank for its popularity among retail traders: Warren Buffett.

The legendary investor and CEO of Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) is followed closely by the entire investing community, from hedge funds to Robinhood traders. Last summer, Berkshire pumped more than $2 billion into Bank of America's stock over 12 consecutive trading days. That increased Berkshire's position in the company to nearly 12% of outstanding shares, making it the second-largest position in the company's equity portfolio behind Apple.

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