After Bank of America (NYSE: BAC ) reported its first-quarter earnings, shares of the megabank took a beating. Investors appeared unimpressed by the bank's cost-cutting efforts and lack of revenue growth. Despite the dull results, should long-term investors really be nervous about about the bank's future profitability?
In this video, Motley Fool banking analysts David Hanson and Matt Koppenheffer grade the bank's results and tell investors how they change their long-term view.
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.