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Bank of America Won't Be a Laughingstock Forever

Even though shares of Bank of America (NYSE: BAC  ) skyrocketed in value in 2012, the bank's operational performance was abysmal. However, according to the bank's CFO, that underperformance won't last forever.

At a recent conference, CFO Bruce Thompson discussed B of A's targets for its future returns and how the bank will achieve those goals. In this video, Motley Fool banking analysts David Hanson and Matt Koppenheffer discuss the bank's future and tell investors what to expect.

Are you buying its promises?
Thompson's comments are encouraging, but can the bank actually deliver? 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, analyst Anand Chokkavelu, CFA, joins Matt to 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 (2) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On June 15, 2013, at 11:53 PM, daverhall wrote:

    This idea of not prosecuting banking leaders for the wrong they did and allowed has only worsened the financial situation in this corrupted industry. They are even more corrupt than they were before. It was said that the Treasury Secretary convinced Obama to not go after these leaders, if true, was the worst idea Obama has accepted. It would have helped the people and the economy to some degree. We are lagging behind on recovery and all the financial leaders are still doing their damage. No company is doing anything to help America to regain its economic strength or to police themselves. Bank of America is just as bad as it ever was. No regulators are doing their jobs to contain the wrong doing.

  • Report this Comment On June 16, 2013, at 9:38 AM, Rusty56 wrote:

    Daver - You obviously have issues, I assume you lost your teller job at the big bank or maybe couldn't repay the loan you had no business taking out to begin with. Please tell me what this bank is doing today thats so evil? I think the man in charge now, Moynihan, is top notch! Go cry elsewhere man!

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