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Bank of America's $70 Billion Green-Lending Bonanza

By Matt Koppenheffer and David Hanson - Apr 22, 2013 at 7:01PM

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NYSE: BAC

Bank of America Corporation

Market Cap

$283B

Today's Change

(0.28%) $0.10

Current Price

$35.17

Price as of May 13, 2022, 8:00 p.m. ET

Bank of America's big green-lending push: is it a win for investors?

In the following video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss Bank of America's (BAC 0.28%) massive lending initiatives toward green energy. The bank recently met its goal of $20 billion worth of financing activities in areas such as solar and wind power, energy efficiency, and hybrid cars, and it has now set a new goal of an additional $50 billion over the next 10 years. Is this a win for investors, or are these initiatives still too risky?

Stocks Mentioned

Bank of America Corporation

$449.28 (3.15%) $13.71

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