There's no question Bank of America (NYSE:BAC) was a mess coming out of the financial crisis. The bank has been weighed down by bad loans and unearthly legal costs. Fast forward to today, and Bank of America is methodically putting its troubled past behind itself and refocusing its business model. The bank reported fourth-quarter earnings on Thursday morning, and while the results won't conjure up imagines of the banking's glory days, significant progress continues to be made.

In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss Bank of America's numbers and ask what's next for the giant bank.

David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America. The Motley Fool recommends Bank of America. The Motley Fool owns shares of Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.