The following video is from today's MarketFoolery podcast, in which host Chris Hill, along with Jim Gillies and Joe Magyer, discuss the latest business news. Despite delivering better-than-expected earnings, Bank of America fell nearly 5% today. Why did this Dow stock have such a bad day? In this segment, the guys analyze the challenges Bank of America still faces after its disastrous acquisition of Countrywide, and why they believe investors interested in bank stocks should focus more on Wells Fargo and Goldman Sachs, while avoiding Bank of America.
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Chris Hill owns no shares of any of the companies mentioned. The Motley Fool owns shares of Bank of America and JPMorgan Chase. Motley Fool newsletter services have recommended buying shares of Goldman Sachs and Wells Fargo. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.