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Does the Goliathan Bank of America Still Have Upside?

By Brendan Mathews - Jan 13, 2014 at 9:10AM

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While internet banks like BofI are well-positioned, Bank of America still has room to move higher.

Bank of America's stock has surged from its 2011 lows as the bank continues to clean up pre-crisis messes. But with shares sitting below book value, there may still be upside today.

In this segment of The Motley Fool's financials-focused show, Where the Money Is, Matt Koppenheffer, the Financial Sector Bureau Chief, sits down with Stock Advisor analyst Brendan Mathews to discuss B of A, Bank of Internet's trillion-dollar opportunity, and Progressive's continued relevance.

Brendan Mathews owns shares of BofI Holding, Facebook, and WisdomTree Investments. Matt Koppenheffer owns shares of Bank of America. The Motley Fool recommends Bank of America, BofI Holding, Facebook, Progressive, Tesla Motors, and WisdomTree Investments. The Motley Fool owns shares of Bank of America, BofI Holding, Facebook, and Tesla Motors. 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.

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Stocks Mentioned

Bank of America Corporation Stock Quote
Bank of America Corporation
BAC
$36.30 (1.09%) $0.39
Meta Platforms, Inc. Stock Quote
Meta Platforms, Inc.
META
$180.50 (1.70%) $3.01
WisdomTree Investments, Inc. Stock Quote
WisdomTree Investments, Inc.
WETF
$5.38 (0.94%) $0.05
Axos Financial, Inc. Stock Quote
Axos Financial, Inc.
AX
$45.92 (1.86%) $0.84
The Progressive Corporation Stock Quote
The Progressive Corporation
PGR
$121.77 (1.09%) $1.31
HCP, Inc. Stock Quote
HCP, Inc.
PEAK
$28.37 (2.09%) $0.58
Tesla, Inc. Stock Quote
Tesla, Inc.
TSLA
$900.09 (4.67%) $40.20

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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