Have $500? 2 Absurdly Cheap Stocks Long-Term Investors Should Buy Right Now

Two big banks, in particular, are dirt cheap right now and worth a look as long-term investments -- Bank of America (NYSE: BAC) and Truist Financial (NYSE: TFC). Bank of America is the second-largest bank in the country, with about $2.4 trillion in assets as of Dec. 31, while Truist is the seventh-largest bank in the U.S. and has about $546 billion in assets. Both took major hits during the banking crisis, with Bank of America's stock down about 10% year to date and Truist's roughly 21%.