After years of ambitious mergers and inorganic growth, Bank of America (NYSE: BAC ) has pledged to step on the corporate treadmill and lose some serious weight.
In 2011, CEO Brian Moynihan announced his ambitious plan to cut $8 billion in expenses by the middle of 2015. While it's easy to announce a cost-cutting program, implementing such a plan isn't quite as easy, and investors will be quick to hold Moynihan accountable if expenses aren't falling fast enough.
In this video, Motley Fool banking analyst David Hanson tells investors why Moynihan's comments during the bank's earnings conference call will be vital for B of A shareholders to hear.
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.