Bank of America Gets Kicked in the Trousers
It's safe to say that Bank of America has seen better days. Besides the unfortunate performance of its shares last week, the nation's second largest bank by assets recently received an unwelcome kick in the trousers by the New York court of appeals. The ruling is part of a long-simmering dispute between the bank and the mortgage-bond insurer MBIA . In the video below, Motley Fool contributor John Maxfield discusses the case and what it means for Bank of America's shareholders.
Bank of America's stock doubled in 2012. Is there more yet to come? With significant challenges still ahead, it's critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool's premium research report on B of A, analysts Anand Chokkavelu, CFA, and Matt Koppenheffer, Financials bureau chief, lift the veil on the bank's operations, including detailing three reasons to buy and three reasons to sell. Click here now to claim your copy.
The article Bank of America Gets Kicked in the Trousers originally appeared on Fool.com.John Maxfield owns shares of Bank of America. The Motley Fool owns shares of Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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