Because of the large amount of black-box risk associated with the banking industry, when choosing a bank to invest in it is vital that you know and trust the bank's management to make good decisions. In this video, Motley Fool analyst Anand Chokkavelu discusses Bank of America's (NYSE: BAC) current CEO, Brian Moynihan, in light of the corporate turnover that BAC has had recently in management, and looks at whether he's the guy to really trim down the company and bring the bank back to its core business focuses.
Anand Chokkavelu, CFA, owns shares of Bank of America, JPMorgan Chase, Citigroup, and Wells Fargo. 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 Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.