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.

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Matt Koppenheffer owns shares of Bank of America. Max Macaluso, Ph.D. 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.