5 Reasons a Bear Can Be Bullish on Bank of America Corp (BAC): Wells Fargo & Co (WFC), JPMorgan Chase & Co. (JPM)

But the other side of the story, New York State’s attorney general has just announced he is “probing the [bank’s] purchase, securitization and underwriting of home loans and mortgage securities.” Ah, the financial crisis: It’s the gift that keeps on giving.

5. Bank of America Corp (NYSE:BAC) has a CEO who seems to be on his game
Reportedly, Brian Moynihan took on the job of B of A CEO when few others wanted it, valiantly (and for good recompense, I’m sure) undertaking the job of streamlining and refocusing the leviathan known as Bank of America, cutting costs and people as he deems necessary.

And the bank is unarguably in better shape than it was before he came on as CEO. There’s no arguing Moynihan is a better CEO than his predecessor, Ken Lewis, who made the Countrywide Financial acquisition that has caused no end of trouble. B of A bear that I am, I have nothing bad to say about Moynihan and think he’s doing a good job overall.

Final Foolish thought
There you have them: Five reasons this bear can be bullish — to some degree at least — on Bank of America. It was a good investing exercise for me, and I hope it was the same for you. It’s very Foolish to always keep and open mind and challenge one’s viewpoints.

The article 5 Reasons a Bear Can Be Bullish on Bank of America originally appeared on Fool.com.

Fool contributor John Grgurich owns shares of JPMorgan Chase. Follow John’s dispatches from the bleeding heart of capitalism on Twitter @TMFGrgurich.The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo.

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