Bank of America  was convicted of civil fraud, but what does that mean for shareholders? In this segment from Thursday's episode of The Motley Fool's financials-focused show, Where the Money Is,  banking analysts Matt Koppenheffer and David Hanson discuss the day's headlines. Among the newsmakers they discuss are JPMorgan Chase , Bernie Madoff, and Buffett's outlook on housing.

More Foolish stocks picks
Have you missed out on the massive gains in bank stocks over the past few years? There's good news: It's not too late. Bargains of a lifetime are still available, but you need to know where to look. The Motley Fool's new report "Finding the Next Bank Stock Home Run" will show you how and where to find these deals. It's completely free -- click here to get started.

The article 3 Key Takeaways From the Bank of America Conviction originally appeared on Fool.com.

David Hanson owns shares of JPMorgan Chase. Matt Koppenheffer owns shares of Bank of America and JPMorgan Chase. The Motley Fool recommends Bank of America. The Motley Fool owns shares of Bank of America 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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Portfolio Basics

What are stocks? Learn how to start investing.

View Course »

Behavioral Finance

Why do investors make the decisions that they do?

View Course »

Add a Comment

*0 / 3000 Character Maximum