New York Clears the Way for Critical Bank of America Settlement

Bank of America shareholders got good news at the end of last week. On Friday, the attorneys general offices in Delaware and New York said they will no longer challenge Bank of America's $8.5 billion settlement with the Bank of New York Mellon and a group of institutional investors. In the video below, Motley Fool contributor John Maxfield discusses what this means for the nation's second-largest bank by assets.

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.


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