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Bank of America’s Legal Drama Isn’t Over Yet

Bank of America may have to go back for more legal expenses.

By Matt Koppenheffer and David Hanson – Feb 26, 2014 at 7:00PM EST

Shares of Bank of America (BAC +0.46%) 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.

Read Next

About the Author

Matt Koppenheffer
Matt Koppenheffer is the former Head of the Coverage Team at The Motley Fool. He was a full-time Motley Fool employee from 2012-2025 and is a former advisor and analyst for multiple Motley Fool services. Matt's articles and analysis have been published around the world and his views have been cited in worldwide publications from the Financial Times and The New York Times to the Toronto Star and Germany's Focus Money. He has appeared to offer analysis on a variety of outlets including CNBC and NPR. Matt is the co-author of The Astonishing Collapse of MF Global as well as the creator and former co-host of The Motley Fool's Industry Focus podcast.
TMFKopp
X@KoppTheFool

Stocks Mentioned

Bank of America Stock Quote
Bank of America
NYSE: BAC
$50.78
(+0.46%)+$0.23
JPMorgan Chase Stock Quote
JPMorgan Chase
NYSE: JPM
$304.85
(+1.62%)+$4.85

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

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