Timeline of Bank of America Corp (BAC) and Its Epic Deterioration

The past 10 years have certainly been a whirlwind for the bank that Carolinas-native Hugh McColl grew into a global powerhouse. While the series of massive acquisitions ultimately crushed shareholders, the actions highlight the strength B of A possessed less than a decade ago. If B of A can return to a even fraction of that strength, shareholders could continue to recoup some of their paper losses.

Now at the helm for three and half years, the time has come for Brian Moynihan to show investors, employees, and clients that he is the man to led those gains. Based on his involvement in the events I’ve highlighted, it’s clear he has vast operational experience in most of B of A’s segments — now, he just needs to operate.

David Hanson owns shares of American International Group, Inc. (NYSE:AIG). The Motley Fool recommends and owns shares of AIG, Bank of America Corp (NYSE:BAC), and Berkshire Hathaway and also has options on American International Group, Inc. (NYSE:AIG).

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