After a flurry of mortgage refinancing activity added billions to the bottom lines of Wells Fargo (NYSE: WFC ) and JPMorgan Chase (NYSE: JPM ) in 2012, Bank of America (NYSE: BAC ) has begun to ramp up its own mortgage business. In the first quarter of 2013, the bank increased mortgage production by 57% but saw revenue actually fall as margins shrunk.
Is B of A getting to the party too late? In this video, Motley Fool banking analysts David Hanson and Matt Koppenheffer debate whether or not the megabank still has the opportunity to thrive in the mortgage business.
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.