Does Bank of America Want to Fight the Federal Reserve?
Mar 10th 2013 3:00PM
Updated Mar 11th 2013 1:00AM
In the following video, Motley Fool financials analysts Matt Koppenheffer and David Hanson discuss Bank of America and its recent stress test results. In particular, they discuss a form of projected banking operating earnings called the pre-provision net revenue, or PPNR. While the model that Bank of America ran for this number over the stress test period came in very similar to where it came out last year in the CCAR stress test, the Fed's calculation came in dramatically lower. Matt tells us how this affects the bank, and why B of A executives must be hopping mad behind the scenes.
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The article Does Bank of America Want to Fight the Federal Reserve? originally appeared on Fool.com.David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America. The Motley Fool owns shares of Bank of America, Citigroup, and JPMorgan Chase. 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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