Bank of America: Get Your Act Together!

The following video is from Monday's installment of Where the Money Is, in which Fool analysts Matt Koppenheffer and David Hanson highlight for investors the most important stock news from the financial sector.

In this segment, Matt takes a moment to send a message directly to Brian Moynihan, CEO of Bank of America (NYSE: BAC  ) . Matt implores him to reexamine his current cost-cutting strategy, which he feels is sacrificing the long-term goals of building a culture that people want to bank with, work within, and invest in for the sake of short-term profits.

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.

The relevant video segment can be found between 6:33 and 7:50.

For the full video of today's Where the Money Is, click here.


Read/Post Comments (3) | Recommend This Article (5)

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 24, 2013, at 7:04 PM, Rusty56 wrote:

    zzzzzzzzzzzzzz

  • Report this Comment On June 24, 2013, at 7:08 PM, Rusty56 wrote:

    Matt, seriously, I don't think you can teach Brian anything, he's a cut above you youngsters.

  • Report this Comment On June 24, 2013, at 9:40 PM, JuneSmith wrote:

    Actually, Matt has a point.

    I am a former investor who started buying BAC shares in the 1990s. We all know how that turned out!

    I am also an ex employee, one of the 30,000 RIF-ed to make up for the losses caused by others. Those of us who are within 15 years of retirement, are having a difficult time finding comparable jobs, which is frustrating given that we are told we should work past 65 to secure a comfortable retirement and put less pressure on the social security!

    In my 30+ year career at the bank, none of the loans I underwrote/managed (all large commercial loans) went bad. And, yet, the indiscriminate meat ax got me and not some who caused the bank's huge losses. Some even left the bank with very large golden parachutes! Those who are still with the bank are too scared to be creative, or helpful to each other, or feel any loyalty to the bank.

    Very, very sad.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2507166, ~/Articles/ArticleHandler.aspx, 9/20/2014 2:15:14 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement