How Bank of America Can Regain Its Pre-Crisis Glory

In today's episode of Where the Money Is, the Motley Fool's everything-financials show, banking analyst David Hanson is joined by Fool contributor Patrick Morris to discuss Fannie Mae and Freddie Mac's plummet, the possibility of Bank of America soaring higher, and rank 5 credit card companies.

Shares of Bank of America have been on an massive run over the last two and a half years as investors have regained confidence in the banking giant. One of the reasons for the stock gains has been the underlying performance of the bank. In 2013, Bank of America earned nearly as much as it did in the previous five years combined, but it still significantly trailed its highly thought of peers Wells Fargo and US Bancorp in all major profitability metrics. This helps explain why Bank of America's valuation multiples are half of Wells Fargo's and a third of US Bancorp's.

Later in the show, the guys take a question from their mailbag about choose a winning stock for the next five years and tell investors why Warren Buffett's Berkshire Hathaway can thrive during a market downturn.

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