Shares of Bank of America (NYSE:BAC) have been on a huge run during the past couple of years. The underlying business is improving as well – 2013 profit dwarfed bottom-line numbers from the previous few years. Despite all of this successful, Bank of America still may have to boost its legal reserves to cover lawsuits.

In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson look at the latest news from Bank of America and its legal situation.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.