In this video, Matt Koppenheffer makes the case for Bank of America as a good investment. While the media has focused on Bank of America's increased expenses and revenue uncertainty, what's missing is the progress Bank of America has made over the years. In 2010, Bank of America took loan charges of 4.4%, a huge number -- but this past quarter, it's down to 1.4%. The bank's balance sheet has improved significantly, and Matt believes Bank of America is a long-term investment story.
Check out the video for more details.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer and The Motley Fool own shares of Bank of America. 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.
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