There's no question Bank of America (BAC -0.72%) was a mess coming out of the financial crisis. The bank has been weighed down by bad loans and unearthly legal costs. Fast forward to today, and Bank of America is methodically putting its troubled past behind itself and refocusing its business model. The bank reported fourth-quarter earnings on Thursday morning, and while the results won't conjure up imagines of the banking's glory days, significant progress continues to be made.

In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss Bank of America's numbers and ask what's next for the giant bank.