Did This Acquisition Help Bank of America Investors?

By David Hanson and Matt Koppenheffer – Apr 8, 2013 at 4:38PM

NYSE: BAC

Bank of America

Market Cap

$302B

Today's Change

(1.70%) $0.64

Current Price

$38.37

Price as of April 23, 2024, 4:00 p.m. ET

After all its trials and tribulations, will this acquisition actually end up paying off for Bank of America investors?

A New York judge has just approved Bank of America's (BAC 1.70%) $2.43 billion settlement of the lawsuit brought against it by B of A shareholders over its acquisition of Merrill Lynch. The shareholders felt Bank of America did not disclose to them Merrill Lynch's massive Q4 2008 losses. But, with B of A putting this litigation behind it, will Merrill Lynch prove to be a worthwhile investment after all?

In this video, Fool financial analysts David Hanson and Matt Koppenheffer give their perspectives.

David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America. The Motley Fool owns shares of Bank of America. We Fools may not 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.