Bank of America and Its Frisky Customers

The Volcker Rule is finally ready to go, but Bank of America (NYSE: BAC  ) isn't too worried. CEO Brian Moynihan told investors won't significantly change the bank's makeup and performance. Moynihan also noted how they see the economy improving and why business clients are getting "incrementally more frisky." In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss the impact of the rule on Bank of America and Moynihan's thoughts.

Is Bank of America built to last?
The traditional bricks-and-mortar bank will soon go the way of the dodo bird -- into extinction, that is. This sounds crazy, but it's true. Every single one of the nation's biggest banks are dramatically reducing branch counts and overhauling the ones left behind. But despite these efforts, they're still far behind a single and comparatively tiny lender that's already leapt into the future. Since the beginning of 2012 alone, this company's shares are already up more than 250%. And they're bound to go higher. To download our free report revealing the identity of this stock, all you have to do is click here now.


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  • Report this Comment On December 13, 2013, at 3:06 PM, TheTruth wrote:

    Bank of America is about to lay off several employees over the next month and not give them their annual bonus. Not only do they lose their jobs, they are not getting the bonus they earned. Unreal. By treating their employees this way, I now understand why they have such a horrible reputation.

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