2 More Reasons to Sell Bank of America
The following video is part of our "Motley Fool Conversations" series, in which financial and economics sector head Ilan Moscovitz and consumer-goods editor and analyst Austin Smith discuss topics around the investing world.
As part of our series "3 Reasons to Buy/Sell," Ilan explains the bear case for Bank of America. Foreclosure liabilities stemming from its mortgage servicing and Countrywide divisions aren't the only thing that could hold back the banking giant. Trouble brewing in Europe has the potential to hit B of A's investment-banking unit. At home, its massive residential and consumer lending business depends on a continual employment and income recovery.
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At the time this article was published Austin Smithowns shares of Wells Fargo. Ilan Moscovitz has no positions in the stocks mentioned above. The Motley Fool owns shares of Bank of America, JPMorgan Chase, and Wells Fargo and has created a covered strangle position in Wells Fargo.Motley Fool newsletter services recommendWells Fargo. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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