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Is Bank of America Stock Prepared for Takeoff?

Thursday - 5/23/2013, 5:33pm  ET

Since the beginning of the year, Bank of America has cleared up much of the uncertainty that's weighed on its stock. In January, it settled with Fannie Mae to resolve billions of dollars' worth of claims related to the sale of faulty mortgages by Countrywide Financial. In April, it settled multiple securities fraud lawsuits with private investors. And most recently, it came to an agreement with MBIA , resolving one of the most contentious legal battles related to the financial crisis.

In the video below, Motley Fool contributor John Maxfield discusses whether, with these things out of the way, it's reasonable for investors to conclude that Bank of America stock will outperform the market going forward.

Bank of America's stock doubled in 2012. Is there more yet to come? With significant challenges still ahead, it's critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool's premium research report on B of A, analysts Anand Chokkavelu, CFA, and Matt Koppenheffer, Financials bureau chief, lift the veil on the bank's operations, including detailing three reasons to buy and three reasons to sell. Click here now to claim your copy.