Cash has begun to make its way to homeowners who were wronged by the big banks' foreclosure processes. The payments are part of the settlement that is meant to compensate consumers for the banks' wrongdoing.
In this video, Motley Fool banking analysts Matt Koppenheffer and David Hanson grade the settlement and give their take on how the banks and the consumers should feel.
Despite all of these legal headwinds, 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.