The following video is from Wednesday's edition of Investor Beat, in which host Chris Hill and Motley Fool analysts Bryan White and Matt Koppenheffer dig deep into the biggest business and investing stories from the market today.
Shares of Bank of America (NYSE: BAC ) hit a new two-year high today, after fourth-quarter profits came in just shy of $3.5 billion. CEO Bryan Moynihan continues to rebuild B of A after the disastrous Countrywide acquisition back in 2008. In the lead story on today's Investor Beat, the guys whether discuss Bank of America is attractive at these levels, whether it has become the favorite of the big banks among investors, and what this space looks like as a whole.
Is the end of big banks just around the corner?
Do you hate your bank? If you're like most Americans, chances are you said yes. While that's not great news for consumers, it certainly creates opportunity for savvy investors. That's because there's a brand-new company that's revolutionizing banking and is poised to kill the traditional bricks-and-mortar banking model. And amazingly, despite its rapid growth, this company is still flying under Wall Street's radar. For the name and details on this company, click here to access our new special free report.