Bank of America's Branches Could Change for Forever

Big tech companies aren't the only ones watching CES this week; big banks like Bank of America and PNC could be embracing some of these new technologies.

In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss the importance of user-experience, tracking foot traffic, and of course, Bitcoin.

The biggest change of all
Even before CES, the traditional bricks-and-mortar banks were on the path to 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.

Read/Post Comments (2) | Recommend This Article (5)

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  • Report this Comment On January 08, 2014, at 4:27 PM, Jeffkory wrote:

    BOA is part of the big problem as to why our economy failed years ago. I was selling used cars and when we exhausted all creditors - the foreigners would go to BOA and somehow get the loan- We were amazed. Most of the foreigners didn't have a license- a residence or a ss# They would admit to us that they were taking the vehicle { south } and it will never be back in the states again- They only needed a temporary license plate good for 2 weeks- I'm sure the loans were never paid.

  • Report this Comment On January 09, 2014, at 7:42 AM, Howdie wrote:

    Yet another MF article that isn't really an article at all, it's an ad designed to get you to subscribe to their list.

    If this bank is SUCH A BIG DEAL why not name it in the article itself?

    MF is just blowing smoke.

    Almost every time I click on an MF article I say "why did I waste my time". Worst thing Yahoo did was pick up MF in their news feed.

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David Hanson

David has been with The Motley Fool since 2013. He is a graduate of the University of Miami. Follow David on Twitter for all things finance, marketing, and investing.

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