Sadly, past returns are not indicative of future returns. Bank of America (NYSE:BAC) investors were undoubtedly thrilled to see the bank's share price double in 2012. However, going forward, does the stock have any more room to run?
Since the new year, the stock has lagged the market and most its main competitors, and some investors may be wondering if now is the time to sell the megabank.
In this video, Motley Fool banking analysts David Hanson and Matt Koppenheffer remind investors to temper their expectations for the stock and why it still may be a great investment to hold.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo. 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.