Does the Dow Need Bank of America?
The following video is part of our "Motley Fool Conversations" series, in which Fool contributor and personal finance analyst Dan Caplinger discusses topics from around the investing world.
Today, Dan looks at Bank of America in the latest installment of a Motley Fool series in which we examine how each Dow stock affects the world-renowned blue chip average. The banking giant has the lowest share price of any Dow component, and because of the way that the Dow Jones Industrials is calculated, that gives B of A almost no influence over the average. Dan discusses whether that makes sense and speculates about the possibility of another bank taking B of A's place in the Dow.
Smart investors are looking closely at banking stocks like B of A. Let me invite you to read the Fool's special report, "The Stocks Only the Smartest Investors Are Buying ," to learn about promising bank stocks with plenty of growth potential. It's free, but only available for a limited time, so click here today to claim your copy.
At the time this article was published Fool contributorDan Caplingerdoesn't own shares of the companies mentioned. You can follow him on Twitter@DanCaplinger. The Motley Fool owns shares of Wells Fargo, Bank of America, Citigroup, and JPMorgan Chase.Motley Fool newsletter serviceshave recommended buying shares of Wells Fargo. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Fool has adisclosure policy.
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