Please ensure Javascript is enabled for purposes of website accessibility

Merrill Lynch's "Thundering Herd" Returns to Glory

By David Hanson and Matt Koppenheffer - Apr 17, 2013 at 3:01PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Despite sluggish growth in its other segments, Bank of America's wealth management business seems to be thriving.

Bank of America's (BAC 0.95%) 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. 

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Bank of America Corporation Stock Quote
Bank of America Corporation
BAC
$37.02 (0.95%) $0.35

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
356%
 
S&P 500 Returns
124%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/28/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.