Bank of America (NYSE:BAC) has a business which lost $5 billion in the first quarter, and it could be poised to lose even more as 2014 progresses. But it turns out the division could be more valuable than you think.
In the video below, Fool contributors Patrick Morris and Jordan Wathen join David Hanson to discuss what the Consumer Real Estate Services business at Bank of America may be worth. It's the business where Bank of America parks its legal settlements stemming from the financial crisis and holds all its troubled mortgages, so it has faced problem after problem.
Yet when taking the long-term perspective on Bank of America, the three consider whether or not this business could actually add value to the bank in the years to come.