Shares of Bank of America (NYSE: BAC ) have been on a huge run during the past couple of years. The underlying business is improving as well – 2013 profit dwarfed bottom-line numbers from the previous few years. Despite all of this successful, Bank of America still may have to boost its legal reserves to cover lawsuits.
In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson look at the latest news from Bank of America and its legal situation.
Will legal troubles for the big banks ever end?
Many investors are terrified about investing in big banking stocks like Bank of America after the crash, but the sector has one notable stand-out. In a sea of mismanaged and dangerous peers, it rises above as "The Only Big Bank Built to Last." You can uncover the top pick that Warren Buffett loves in The Motley Fool's new report. It's free, so click here to access it now.