It's safe to say that Bank of America (NYSE:BAC) has seen better days. Besides the unfortunate performance of its shares last week, the nation's second largest bank by assets recently received an unwelcome kick in the trousers by the New York court of appeals. The ruling is part of a long-simmering dispute between the bank and the mortgage-bond insurer MBIA (NYSE:MBI). In the video below, Motley Fool contributor John Maxfield discusses the case and what it means for Bank of America's shareholders.
John Maxfield owns shares of Bank of America. The Motley Fool owns shares of Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.