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.

David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America. The Motley Fool owns shares of Bank of America. 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.