Did This Acquisition Help Bank of America Investors?
A New York judge has just approved Bank of America's $2.43 billion settlement of the lawsuit brought against it by B of A shareholders over its acquisition of Merrill Lynch. The shareholders felt Bank of America did not disclose to them Merrill Lynch's massive Q4 2008 losses. But, with B of A putting this litigation behind it, will Merrill Lynch prove to be a worthwhile investment after all?
In this video, Fool financial analysts David Hanson and Matt Koppenheffer give their perspectives.
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 Did This Acquisition Help Bank of America Investors? originally appeared on Fool.com.David Hanson has no position in any stocks mentioned. Matt Koppenheffer 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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