Earlier this week, Bank of America (NYSE: BAC ) reported its first-quarter earnings. The bank swung to a loss during the quarter and managed to disappoint investors along the way.
Over the past two years, Bank of America's stock is up more than 80% as investors have become increasingly confident that the bank has put much of its financial-crisis problems behind it. But are they right?
In the clip below from The Motley Fool's bank-focused show "Where the Money Is," Motley Fool analysts Matt Koppenheffer and Max Macaluso discuss one issue that was particularly worrying in Bank of America's quarterly report.
Big banking's little $20.8 trillion secret
There's a brand-new company that's revolutionizing banking, and is poised to kill the hated traditional brick-and-mortar banks. That's bad for them, but great for investors. And amazingly, despite its rapid growth, this company is still flying under the radar of Wall Street. To learn about about this company, click here to access our new special free report.