Bank of America's Brand-New $4.95 Fee

In today's episode of Where the Money Is, the Motley Fool's everything-financials show, banking analysts Matt Koppenheffer and David Hanson discuss Bank of America's latest innovation in the form of new checking account product that charges a flat $4.95 fee per month and what it means for the bank going forward. Later in the show, Matt and David dive deeper into Bank of America's four main drivers of its business and where the bank can grow the most.

At the 10:13 mark of the show, Matt tell investors and viewers why he thinks shares of Aflac present an interesting opportunity for long-term investors. Aflac is a major player in insurance markets across the globe. Despite being the number one supplemental health insurance provider in the U.S., most of its business coming from its Japanese operations.

To wrap up the show, Matt and David continue their discussion of Warren Buffett's latest letter to shareholders, as well as search Twitter for some insights and quick news tidbits.

Do you trust Bank of America as an investment today?
Many investors are terrified about investing in big banking stocks 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.


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2867180, ~/Articles/ArticleHandler.aspx, 9/1/2014 7:31:55 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement