Is Bank of America Stock Prepared for Takeoff?
May 23rd 2013 11:34AM
Updated May 23rd 2013 3:20PM
Since the beginning of the year, Bank of America has cleared up much of the uncertainty that's weighed on its stock. In January, it settled with Fannie Mae to resolve billions of dollars' worth of claims related to the sale of faulty mortgages by Countrywide Financial. In April, it settled multiple securities fraud lawsuits with private investors. And most recently, it came to an agreement with MBIA , resolving one of the most contentious legal battles related to the financial crisis.
In the video below, Motley Fool contributor John Maxfield discusses whether, with these things out of the way, it's reasonable for investors to conclude that Bank of America stock will outperform the market going forward.
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The article Is Bank of America Stock Prepared for Takeoff? originally appeared on Fool.com.John Maxfield owns shares of Bank of America. The Motley Fool owns shares of Bank of America. 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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