Bank of America Gets Kicked in the Trousers

It's safe to say that Bank of America (NYSE: BAC  ) has seen better days. Besides the unfortunate performance of its shares last week, the nation's second largest bank by assets recently received an unwelcome kick in the trousers by the New York court of appeals. The ruling is part of a long-simmering dispute between the bank and the mortgage-bond insurer MBIA (NYSE: MBI  ) . In the video below, Motley Fool contributor John Maxfield discusses the case and what it means for Bank of America's shareholders.

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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  • Report this Comment On April 08, 2013, at 4:35 PM, Rusty56 wrote:

    Yada Yada Yada

  • Report this Comment On April 08, 2013, at 9:32 PM, dome200q wrote:

    To paraphrase an old commercial - I’m not only laughing on the inside, I’m doubled up rolling on the ground….. Went to BoA back in the late 80’s (mid-career – Navy) for a consolidation loan which would have knocked down some interest rates and put about 100.00 per month back into our pocket and was called in for final signing – when we got there, the loan officer we worked with was not there and the branch manager cancelled our loan, saying we couldn’t afford it……. But she couldn’t – or wouldn’t - explain the math….

    We changed banks right then and had no further problems…

  • Report this Comment On April 09, 2013, at 1:06 AM, Dadw5boys wrote:

    didn't the taxpayers bailout Banks so MBIA would not have to pay up ?

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8/22/2014 3:35 PM
BAC $16.15 Down -0.01 -0.06%
Bank of America CAPS Rating: ****
MBI $10.42 Up +0.14 +1.31%
MBIA, Inc. CAPS Rating: **