Brian Moynihan was brought in as CEO to clean up the legal issues that were troubling Bank of America (NYSE:BAC). As Moynihan has methodically settled lawsuits and reduced uncertainty around the stock, the bank's share price has skyrocketed. Given the recent gains, investors may be wondering if now is the time to cash out.
In this video, Motley Fool banking analyst Matt Koppenheffer asks "Brian Moynihan" why investors should hold onto their shares for the long term.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer 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.