Bank of America (NYSE:BAC) is an icon of the American banking industry, but after suffering some major setbacks during the housing collapse that hurt so many banks worldwide, is it a buy today? In this video, Motley Fool analyst Anand Chokkavelu takes a deeper look at Bank of America, and gives us some reasons why now, with the price that it's trading at today and the sheer size of this "too big to fail" institution, may be a great time to get involved.

Anand Chokkavelu, CFA, owns shares of Bank of America, JPMorgan Chase Citigroup, Wells Fargo, and Citigroup Austin Smith owns shares of Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo. Motley Fool newsletter services recommend Goldman Sachs and Wells Fargo. Try any of our Foolish newsletter services free for 30 days.

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