Is a Smaller BAC a Better BAC?
My fellow Fool Amanda Alix has been skeptical on Bank of America's (NYSE: BAC) so-called "Project New BAC" and builds on that wary view today in her article on Fool.com. She's less than convinced that the "cut, cut, and cut some more" approach of BAC will transition smoothly back to the growth path that investors will want to see over the longer-run.
Could she be onto something? Strategically perhaps, and especially if you're looking for growth. Though with shares trading at well below tangible book value, it could be argue that trust, not growth is a more pressing concern with investors right now.