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Here's What the Media Is Missing About Bank of America

In this video, Matt Koppenheffer makes the case for Bank of America as a good investment. While the media has focused on Bank of America's increased expenses and revenue uncertainty, what's missing is the progress Bank of America has made over the years. In 2010, Bank of America took loan charges of 4.4%, a huge number -- but this past quarter, it's down to 1.4%. The bank's balance sheet has improved significantly, and Matt believes Bank of America is a long-term investment story.

Check out the video for more details.

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.

Read/Post Comments (3) | Recommend This Article (4)

Comments from our Foolish Readers

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  • Report this Comment On April 21, 2013, at 3:42 PM, DiverMike wrote:

    It opens a wonderful niche opportunity to those that continue to service pcs in hardware and software areas. The federal government is not going to adopt 'cloud' storage. Heck, IRS is still using Office 2003-apparently they have approval for future conversion to Office 2007.

    Just because I use a smart phone once in awhile, does not mean it makes a good substitute for a PC.

  • Report this Comment On April 21, 2013, at 6:08 PM, Geedub3 wrote:

    You guys obviously don't have a clue to what you are talking about or you are on the Bank of America payroll. On the record and on public record the Bank of America got a U.S. government bailout of 20 Billion. Any company that needs 20 Billion added to their balance sheet prior to the Fed bailout program, was called bankrupt. Then in secret, according to the Fed Reserve Audit, the Bank of America received another Trillion dollars. Their CEO kept his job even thou he demonstrated daily fiscal mismanagement on a criminal scale. The Bank of America only exists today because they are backed by the bankrupt U.S. who is in debt for 16 Trillion. You guys are pathetic and know nothing about what is a good investment.

  • Report this Comment On April 21, 2013, at 8:31 PM, Iamtheonewho wrote:

    Hey Geedub3, where did you read that non-sense? From a comic book? Here are the facts:

    1. Bank of America received 50 billion in Federal Aid, and pay ALL OF THE LOAN BACK PLUS INTEREST- PERIOD within ONE YEAR!!.

    2. CountryWide was purchased by Bank of America BY THE REQUEST OF THE FEDERAL GOVERMENT.

    3. 16 Trillion dollars? WTH? That is the USA national debt..NOT Bank of America...WRONG are indeed an IDIOT-

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