1 Reason to Buy Bank of America Stock

If you think Bank of America  (NYSE: BAC  ) is a bank that's just too complicated to ever own stock in, think again.

Though BofA does have a derivatives portfolio and an investment banking that has trading operations, a huge chunk of the bank's income still comes from basic banking businesses. And it's in those basic banking businesses that the bank has a big advantage.

In the video below, Motley Fool banking analyst Matt Koppenheffer breaks down one simple reason why Bank of America is a bank that's still worth owning.

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

Comments from our Foolish Readers

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  • Report this Comment On October 03, 2013, at 12:25 PM, PEStudent wrote:

    The gusher of articles like this The Motley Fool has stooped to publishing should have a headline beginning: ADVERTISEMENT.

    There is more than 1 reason to buy BAC and anything along the lines of "Warren Buffett owns $5.6 Billion of it" is b.s.

    Of course, the fact I own shares of it is an acceptable reason to buy.

    Like many other banks, it's been fighting against writing off losses as well as government fines and settlements. But even with new government charges, it much farther along than most in putting those things behind it. Consequently it's an attractive stock adding in the fact the last quarter was its first profitable one since the crash and the trend - based on past performance - indicates it should continue to grow earnings substantially.

  • Report this Comment On October 03, 2013, at 12:25 PM, PEStudent wrote:

    The gusher of articles like this The Motley Fool has stooped to publishing should have a headline beginning: ADVERTISEMENT.

    There is more than 1 reason to buy BAC and anything along the lines of "Warren Buffett owns $5.6 Billion of it" is b.s.

    Of course, the fact I own shares of it is an acceptable reason to buy.

    Like many other banks, it's been fighting against writing off losses as well as government fines and settlements. But even with new government charges, it much farther along than most in putting those things behind it. Consequently it's an attractive stock adding in the fact the last quarter was its first profitable one since the crash and the trend - based on past performance - indicates it should continue to grow earnings substantially.

  • Report this Comment On October 03, 2013, at 12:46 PM, ChristianRiley wrote:

    I have to agree with PEStudent. There are a ton of little content articles from Fool.com. Just tell us instead of wrapping the content in a bunch of places to get advertising.

    I end up avoiding Fool.com a lot recently because the ratio of useful information to noise is not worth it much any more.

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