Bank of America's (NYSE:BAC) first-quarter results were pretty ugly. However, the bank's wealth management business, primarily the network of advisors the bank acquired via the Merrill Lynch purchase, seems to thriving. While many members of the "Thundering Herd" reportedly expressed displeasure over joining the Bank of America family initially, the unit appears to be well positioned to produce solid earnings and cross-selling opportunities.
In this video, Motley Fool banking analysts David Hanson and Matt Koppenheffer give their opinions on what the unit means to the bank and why investors should be pleased with its performance.
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.