Let's be honest, it hasn't been a good few weeks for Bank of America (NYSE: BAC). Among other things, it reported seemingly lackluster third-quarter earnings and was recently sued by the United States Justice Department. These things aside, Fool contributor John Maxfield believes there are actually many more reasons for investors in the bank to be optimistic. In the video below, he even discusses why its share price could double over the next year.

John Maxfield owns shares of Bank of America. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo. Motley Fool newsletter services recommend Wells Fargo. Try any of our Foolish newsletter services free for 30 days.

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