In this video, Matt Koppenheffer makes the case for Bank of America as a good investment. While the media has focused on Bank of America's increased expenses and revenue uncertainty, what's missing is the progress Bank of America has made over the years. In 2010, Bank of America took loan charges of 4.4%, a huge number -- but this past quarter, it's down to 1.4%. The bank's balance sheet has improved significantly, and Matt believes Bank of America is a long-term investment story.
Check out the video for more details.
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.
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