In the following video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss the $5B investment Warren Buffett made in Bank of America toward the end of 2011. At the time, many were scratching their heads at the move, with investors still very wary of banking stocks after the financial meltdown of 2008, but BAC stock has been on a powerful hot streak since then. The guys discuss how BAC's CEO Brian Moynihan has made the right moves to get this bank back on track, and why Warren Buffett's still got the magic touch.
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, and as an added bonus, you'll receive a full year of FREE updates and expert guidance as key news breaks.
The article Moynihan Proves Buffett Right originally appeared on Fool.com.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Berkshire Hathaway and Bank of America. The Motley Fool recommends Berkshire Hathaway. The Motley Fool owns shares of Bank of America and Berkshire Hathaway. 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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