A Big Turnaround at Bank of America

At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know. In today's video, we cover the following:

  • Eastman Kodak (NYS: EK) officially filed for bankruptcy protection and arranged for bankruptcy financing from Citigroup.

  • AutomakerGeneral Motors (NYS: GM) is revamping its Chevrolet Volt to try to meet California emissions requirements, which would grant buyers a $1,500 state rebate.

  • Bank of America (NYS: BAC) showed up strong in the fourth quarter, reporting a profit for the period.

Despite beating estimates for its fourth quarter, B of A faces challenges going forward as it attempts to boost capital levels and streamline the business. If you're looking for a more clear-cut investment, I invite you to learn about "The Motley Fool's Top Stock for 2012." This special report is absolutely free but only available for a limited time. Click herefor instant access to this free report.

At the time thisarticle was published Fool contributor Tamara Rutter does not own any shares of companies mentioned here. Follow her on Twitter for more Foolish news @TamaraRutter. The Motley Fool owns shares of Bank of America. Motley Fool newsletter services have recommended buying shares of General Motors. 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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