Please ensure Javascript is enabled for purposes of website accessibility

A Big Turnaround at Bank of America

By Tamara Walsh – Updated Apr 7, 2017 at 7:10PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know. In today's video, we cover the following:

  • Eastman Kodak (NYSE: EK) officially filed for bankruptcy protection and arranged for bankruptcy financing from Citigroup.
  • AutomakerGeneral Motors (NYSE: GM) is revamping its Chevrolet Volt to try to meet California emissions requirements, which would grant buyers a $1,500 state rebate.
  • Bank of America (NYSE: BAC) showed up strong in the fourth quarter, reporting a profit for the period.

Despite beating estimates for its fourth quarter, B of A faces challenges going forward as it attempts to boost capital levels and streamline the business. If you're looking for a more clear-cut investment, I invite you to learn about "The Motley Fool's Top Stock for 2012." This special report is absolutely free but only available for a limited time. Click here for instant access to this free report.

Fool contributor Tamara Rutter does not own any shares of companies mentioned here. Follow her on Twitter for more Foolish news @TamaraRutter. The Motley Fool owns shares of Bank of America. Motley Fool newsletter services have recommended buying shares of General Motors. 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.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

General Motors Company Stock Quote
General Motors Company
GM
$35.48 (-5.08%) $-1.90
Eastman Kodak Stock Quote
Eastman Kodak
KODK
$4.84 (-1.22%) $0.06
Bank of America Corporation Stock Quote
Bank of America Corporation
BAC
$31.73 (-2.37%) $0.77

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
329%
 
S&P 500 Returns
106%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 09/24/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.