The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor and analyst Austin Smith discusses topics across the investing world.

In today's edition, Austin digs a little deeper into what makes Dow Jones Industrial Average component Bank of America tick. In an effort to help investors understand the driving factors behind each component, Austin highlights a few of the high-level things Bank of America investors should be watching. The major bank is frequently the most traded stock on the market by volume -- and with good reason. There are a lot of bulls and bears, and both sides have legitimate cases. The bulls point to how cheap the bank is today, while the bears are quick to note that the black-box balance sheet could harbor additional mortgage blow-ups. Take a look at the video below to see what trends both sides need to watch going forward.

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