March 24, 2012
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.