With $60B on the Line, Bank of America Stumbles

With investors on Main Street and Wall Street waiting to see how an argument over Bank of America's (NYSE: BAC  ) $8.5 billion settlement will shake out, one big revelation in court has proved to be false. So, will the courts side with investors like BlackRock (NYSE: BLK  ) , who are in favor of the settlement figure, or with lead dissenter AIG (NYSE: AIG  ) ?

In the video below, Motley Fool contributor Jessica Alling discusses the newest information and why investors should pay close attention to how the hearing plays out as it resumes in July.

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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