Even though shares of Bank of America skyrocketed in value in 2012, the bank's operational performance was abysmal. However, according to the bank's CFO, that underperformance won't last forever.
At a recent conference, CFO Bruce Thompson discussed B of A's targets for its future returns and how the bank will achieve those goals. In this video, Motley Fool banking analysts David Hanson and Matt Koppenheffer discuss the bank's future and tell investors what to expect.
Are you buying its promises?
Thompson's comments are encouraging, but can the bank actually deliver? With significant challenges still ahead, it's critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool's premium research report on B of A, analyst Anand Chokkavelu, CFA, joins Matt to lift the veil on the bank's operations, including detailing three reasons to buy and three reasons to sell. Click here now to claim your copy.
The article Bank of America Won't Be a Laughingstock Forever originally appeared on Fool.com.David Hanson owns shares of JPMorgan Chase. Matt Koppenheffer owns shares of Bank of America. You can follow David and Matt on Twitter. The Motley Fool recommends Wells Fargo and owns shares of Bank of America, JPMorgan Chase, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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