Earlier this week, Bank of America announced that it's redeeming roughly $5.5 billion in preferred shares from investors. Boring, right? Not if you're a shareholder in the nation's second largest bank. In the video below, Motley Fool contributor John Maxfield gives three reasons investors should care about this.
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.
The article Bank of America Exercises Its Fed-Given Rights originally appeared on Fool.com.
John Maxfield owns shares of Bank of America. The Motley Fool owns shares of Bank of America. 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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