Alcoa Inc (AA), Hewlett-Packard Company (HPQ): Why Bank of America Corp (BAC) Was Ousted From the Dow

Was its grubby image the real reason for the bank’s eviction from the Dow? While I doubt the Dow’s managers would ever say so, I believe it is. It’s truly a shame, too, especially since CEO Brian Moynihan has been trying to shine up the bank’s reputation this year — but he just doesn’t seem to be making any headway.

Unfortunately, the longer this issue goes unresolved, the harder it will be to execute a turnaround. Until some of that tarnish can be removed from its image, Bank of America will continue to find just how important the value of a good reputation is when it comes to commercial success.

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The article This Could Be the Real Reason Bank of America Was Ousted From the Dow originally appeared on Fool.com and is written by Amanda Alix.

Fool contributor Amanda Alix has no position in any stocks mentioned. The Motley Fool recommends Bank of America, Goldman Sachs, Nike, and Visa. The Motley Fool owns shares of Bank of America, International Business (NYSE:IBM) Machines, Nike, and Visa. 

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