Is This the Next Legal Nightmare for Bank of America?
In the following video, Motley Fool financials analysts Matt Koppenheffer and David Hanson discuss the next major lawsuit to show up at Bank of America's doorstep. Freddie Mac is suing 15 major international banks over their roles in the LIBOR manipulation scandal, which cost Fannie Mae and Freddie Mac a combined $3 billion in losses. Matt explains to investors just how big of an impact on Bank of America this new lawsuit could have.
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 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 Is This the Next Legal Nightmare for Bank of America? originally appeared on Fool.com.David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America and Barclays PLC (ADR). The Motley Fool owns shares of Bank of America, Citigroup, and JPMorgan Chase. 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.