Earlier this week, Bank of America (NYSE: BAC ) announced that it's redeeming roughly $5.5 billion in preferred shares from investors. Boring, right? Not if you're a shareholder in the nation's second largest bank. In the video below, Motley Fool contributor John Maxfield gives three reasons investors should care about this.
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.