Bank of America's Latest Money-Making Scheme

By Anand Chokkavelu, CFA | More Articles
January 29, 2012 | Comments (2)

The following video is part of our "Motley Fool Conversations" series, in which senior analyst Anand Chokkavelu, CFA, discusses topics across the investing world.

Bank of America, along with the rest of the banking sector, has been struggling with new constraints on the fees they charge. Anand explains B of A's latest Groupon-like maneuver.

The financial heavies are getting a lot of press these days. And much of it is negative. But there's one 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.

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

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Anand Chokkavelu, CFA, owns shares of Bank of America, JPMorgan Chase, Citigroup, and Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo & Company and has created a covered strangle position in Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Report this Comment On January 29, 2012, at 2:13 PM, regerland wrote:

Long rambling message to ultimately tell me I will get a discount on the items that I would be buying anyway. Way better vs. a Groupon model where a third party is engaged. Great concept, everybody wins.
Report this Comment On January 29, 2012, at 3:32 PM, wgman77 wrote:

Next time fucus on what your going to say!!! way too much RAMBLING!!!!

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