Bank of America is trash. I paid off my car loan and still showed up on my credit. It dropped my credit score 200 points because they put the car loan under default. I made so many calls and no one would remove it from my credit. I had to get an attorney and after a day it was taken out. I hate bank of america.

What a great "feel good" story. I mean nothing touches my heart more than hearing how a huge mega-bank is thriving. Sidebar....peppering the video with an analyst from Wells Fargo is ironic.

How did they come back? Off the back of American taxpayers bailing them out

Love to hear these banks getting bail out and not having to pay it back and seeing them make record profit and keeping all of it while they fired all the lower wages employees and their leaderships keep getting ridicious bonuses after bonuses.

Having a Wells Fargo employee talk about another bank losing faith and trust is just hilarious 😂😂😂.

I have worked for B of A for 16 years in the mortgage sector and it was scary working there during the mortgage crisis. I was severely worried about losing my job during that time. It wasn't nessesarily B of A's fault but the acquisition of Countrywide and Merrill Lynch and their mortgage portfolio that brought so much trouble to the bank. But they have been extremely smart since then with their lending practices and they do take care of their employees! They have portfoliod most there lending but where extremely conservative in their underwriting practices. This has allowed them to make huge profits off their mortgage portfolio but also doesn't put them at risk.

The big change they undergo is to not pay any interest for any of the deposit.

Moral of the story: Invest to become big enough so that the government has a reason to bail you out, in case of failure. They're not gonna let a giant take down a huge chunk of the financial industry. The impact would be too important on the American economy.

5.1 million FAMILIES lost their homes in the 2008 recession while our government bailed out the banks.

Government bailouts with my tax money lololol.. that's how.

The largest banks in US graphic doesn’t have Citibank. It’s the often forgotten megabank because of poor stock performance but it’s still a megabank.

The thought of a bank doing "good" is terrifying to me.

Remember their $35 overdraft fee for every item over. Criminal

Well when you charge Outlandish Overdraft fees you're going to make money and lose customers at the sametime.

I don't care if they are making a comeback I'm never banking with them again they're way too shady

How they become sucessful? A small loan from the government

BoFA deez nuts is obviously a pretty good comeback

I will NEVER EVER EVER do business with BOA again. They are the worst bank in America!!

anxiously waiting for Cramers comment on BoFA

Ignore all their crimes though. Like illegal credit card practices.

“loss so catastrophic?” That money went somewhere lol

It's funny this video was posted shortly before customers realized their funds were being withdrawn from their checking accounts without permission. BoA appears to be enacting a "Bail-In."

maybe they should pay back that $45B bailout

Getting approved has become pretty messy nowadays especially when you got bad credit history. I discovered the ad of a loan company “credit-synod" which gives personal & business loans to people at very low interest rates. I got about 38k and they could assist you too.

I think ppl would like to go back to having their money back in mason jars and mattresses.

Choosing to invest in Btcoin is the best decision anyone can make with the right approach. it works.

Maybe they should help people out now that they're doing great and everyone else isn't, since it was the peoples money that saved them in 2008

Knowing this coming from CNBC, it's probably the opposite.

hmm, it sounds like NationsBanc acquired the original Bank of America. It would've been interesting to hear more of the history of NationsBanc.

So BoA and other banks was saved by the American tax payer, so which, their profits should be for the people?

0:48 Wells fargo analyst talking about TRUST in banking.. ROFL

It's probably cause Wells Fargo got hit so hard, Wells Fargo actually has a much better user interface than BoA

BoA is great, they rearrange my transactions to charge me overdraft fees twice this year!

CNBC as trustworthy as Chinese state media.

1. The original immigrant situation and bank of italy is something important but why did the other banks deny immigrants if they have all their immigration papers in order? 2. Today any banks allow immigrants without worry so the situation in #1 is no longer a problem. 3. I am against bailing out big banks and people should be withdrawing their money from banking companies that lost their way and only support the higher ups at the cost of everything else.

I think all the government bail outs using tax payer money helped a lot.

Bank Of America Are A Good Bank 🏦🏦 They Not Giving Bank Of America Their Credit And Dues!! By Helping People In Need 💵💵. I Hope Bank Of America Grows And Grows 2023 And Beyond.

BofA didn’t say ‘no’ to 2 separate bank robbers who walked into our branch

Nothing on the prevailing mood that led up to the 2008 financial crisis. Economies around the world had been stable for a long time, we thought it wouldn't end

they still have the worst customer service i could never get a real person on the phone.

BOFA is the best bank on earth, I love using it, If they manage to change User Interface of their mobile app they would be 10X best bank.

I still get checks in the mail for all the class action suits against Countrywide (acquired by BofA for a ham sandwich)

Unfortunately, there is some inaccuracies about where Bank of America was at in 2008. I was financially sound to the point where it started by the government take over country wide mortgage and Merrill Lynch

I wish the finance minister of Ghana 🇬🇭 , Ken Offori Atta the cousin of the president of Ghana, Akuffo Addo had seen this before closing “struggling” banks in Ghana

I didn’t hear anything about AZ600 it’s giving bot bish 😅😂😂

Funny how a bank aiming to help underbanked communities turned into such a wicked institution...

Bank of America made 35 billion in the last quarter of 2022.

I just love you!! Classic music is life! I can work better, think better, and be grateful for life

BOA should say no to racism, excessive fees, and practices that keep poor people poor

I could careless about BOA, I'll stick with my local credit union.

How can you fail when you get a bailout every time you fail?! Socialize the losses, privatize the gains.

To be clear widening are not good for banks, there’s a reason why they are wide and that’s because it’s harder to sell than before

People hate BofA BofA loves people who spend recklessly

Bank of America made a comeback because people forget.

It will be interesting to see how a higher interest rate world does to US banking. Since the 08 crash, the banks could access near free cash (from near zero consumer deposits before fees) and QE free cash to boost share prices and share buybacks to do the same. Now consumers might ask why their savings are not earning more especially as inflation eats into any bank interest returns. QE will end and that MASSIVE amount of central bank lending will have to reverse. This will dampen share prices and end the free government money tree. Then there is the ever larger world appetite for gov debt (and gov spending plans are not falling). Its surprising that so many megabanks are still so reliant on their home market and so few have spent it on foreign M+A even in adjacent countries. Share buybacks are a sign of no idea what to do with the profits and c-suite ways of boosting bonuses based on share performance. Lending credit to these banks is probably not profitable at all. Why no acquisition of even smaller banks in other nearby countries (canada/Mexico must be somewhat profitable) that would not attract anti-trust blowbacks. Remaining a big player in the home market means assuming your home economy grows - one egg in one basket (and that assumes no stronger competition). Branch costs are falling as users do it all online (more profit) and there is still options for selling other fin services and buying any fintech (post market "crash") leaders.

I remember 1 year ago when my friend tried cashing out 5 k and couldn’t. For 3 weeks!? This bank is suspicious.

Came back?? 😂 They stealing customers funds now. They are failing now. Right now.

Disclaimer at the bottom shows this positive info is brought to you by shareholders. Ask any consumer their opinion and youll hear something different

If everyone decided to withdraw all their money at the same time the bank would be crippled

A Wells Fargo analyst accusing BofA of mistrust is quite the irony. Hi pot 👋

What are BoF's profits in Q3 and Q4 from 2022, compared to 1122nd BC, or AC, whatever your choice is! The data for 2008th is available for everyone, could you make an analysis of something we do not expect to hear?

I bought Bank of America stock at the bottom of the financial crisis! I sold it at a 28% profit. I should have held onto it!

No way

Warren Buffett bailed them out personally.

$475 million $1 million $78 million $3 million

Their comeback was in fees they charge.

This Mike Mayo guy blinks way too often. 🤖

He’s brave, good on him 👌🏽

Brags about how much they make for charging fees. 😂 Good for them, not so good for us. I switched to SoFi Bank NO FEES and they pay high interest.

I don’t believe they are not still on the brinks. No pun intended

Disappointed at the lack of DEEZ NUTZ jokes around here smh

How did BoA come back? The American taxpayer bailed them out (against our will).

Bank of America closed my account and took $34,000 and will not tell me where my money is.

Even CA unemployment benefits the gov chooses it for processing benefits.

*BoFA? BoFA deez nuts??*

I thought Bank of America is The Central Bank of the US.. smh 😭

Does anyone know the acronym for bank of america

This episode had impressively good guest experts.

Bank of America is my bank of choice in regards to an investment, beats out JPM regarding returns/gains!

oh wow they got bailed out, good to know

How? The U.S. poor & middle class Taxpayers bailed BOA's big butt out. Just like they do with everything else. It's about time for them to start putting them first.

BofA DEEZ NUTS

How about paying back the public then

It's sad government keeps touting free market yet is quick to jump in to save big business but let's the ordinary guy's business go bankrupt.

When do they payback us tax payers back?

For the most part this is a good documentary, however it misses a key aspect of what the bank did. I would not term what they did as derisking. They setup a system by which they can manage risk much better. A key aspect of this was teaching each employee about risk and how it is identified, debated and acted upon. This lead to much better decision making across the board, a better culture, and significantly fewer surprises.

Cutting back on customer service helps a lot. 😅

Banks were a good thing in the past, but that time is long past. Credit Unions are a far better deal

I have invested on presale, we will see I am also very confident this will be easiest 100x.

All banks came back from the brink of collapse the same way, from taxpayers money of course.

Thanks Obama&Biden for saving the American Auto & the Global Financial Industries.

0:48 that’s rich coming from him.

The government bail them out like the rest ……

Bank of America has terrible customer service

Buying more shares on the next red day

they literally got bailed out by the government. This bank should have collapsed.

I refuse to use my credit card due to I can't donate or buy things they don't believe in. Discover did that to us as well so I only use that once a year just to keep it open. Thay have no right to tell us what we can spend our money on.

Monthly fees that most folks can’t waive due to not having large account balances and being a client of their wealthier tiers simple.

its very simple stealing other people money

Two words, bail out.