How Bank of America Gets to $20 a Share
This video is part of our "Motley Fool Conversations" series, in which senior analyst Anand Chokkavelu, CFA, discusses topics around the investing world.
With all the fanfare about Bank of America's jump from $5 a share just a few months ago to around $10 now, Anand considers Bank of America's prospects to double again to $20 a share. He determines that it's not as far-fetched as you may think, barring any huge macro shocks. It will take a focus on the basics and some time, but Anand believes another double from here is quite possible.
Overall, Anand is bullish on Bank of America for those who can withstand the significant risk and deal with the its opaque balance sheet and operations. If that's not for you, check out a small bank that's flying under the radar. It has some of the best operational numbers you'll ever see. The Motley Fool featured it in its brand-new free report: "The Stocks Only the Smartest Investors Are Buying." We invite you to download a free copy. To find out the name of the bank Warren Buffett would probably be interested in if he could still invest in small banks, just click here.
At the time this article was published Anand Chokkavelu and The Motley Fool own shares of Bank of America and Citigroup. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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