On Wednesday morning, Bank of America will report first-quarter earnings. It is the last of the four biggest U.S. banks to report. Last week, investors were not overly impressed with the earnings from Wells Fargo and JPMorgan Chase as mortgage revenue fell. On the other hand, the market reacted quite positively to results reported by Citigroup . So, the question is: Where does this leave B of A investors?
In this video, Motley Fool banking analyst David Hanson tells investors one major factor that the market will be watching when the megabank reports earnings.
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 Needs to Hit a Home Run originally appeared on Fool.com.
David Hanson has no position in any stocks mentioned. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo. 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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