Bank of America's Brand-New $4.95 Fee


In today's episode of Where the Money Is, the Motley Fool's everything-financials show, banking analysts Matt Koppenheffer and David Hanson discuss Bank of America's latest innovation in the form of new checking account product that charges a flat $4.95 fee per month and what it means for the bank going forward. Later in the show, Matt and David dive deeper into Bank of America's four main drivers of its business and where the bank can grow the most.

At the 10:13 mark of the show, Matt tell investors and viewers why he thinks shares of Aflac present an interesting opportunity for long-term investors. Aflac is a major player in insurance markets across the globe. Despite being the number one supplemental health insurance provider in the U.S., most of its business coming from its Japanese operations.

To wrap up the show, Matt and David continue their discussion of Warren Buffett's latest letter to shareholders, as well as search Twitter for some insights and quick news tidbits.

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David Hanson owns shares of JPMorgan Chase. Matt Koppenheffer owns shares of Aflac, Bank of America, Berkshire Hathaway, and JPMorgan Chase. The Motley Fool recommends Aflac, Bank of America, and Berkshire Hathaway. The Motley Fool owns shares of Bank of America, Berkshire Hathaway, 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.

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Originally published