When investors think about about Bank of America (NYSE:BAC) these days, the initial thoughts that usually come to mind are the bank's damaging legal woes and struggles since the financial crisis. Despite the challenges, B of A still has a very powerful underlying business model.

In this video, Motley Fool banking analysts Matt Koppenheffer and David Hanson discuss Bank of America's five major segments and tell investors how each business serves a unique purpose in fulfilling CEO Brian Moynihan's grand vision.