Bank of America Corp (BAC): Five Things That Could Hobble It

5. A big change at the top
I’m not a huge fan of CEO Brian Moynihan, but there’s no doubt that he came on board at a critical juncture in B of A’s history and stabilized a fast-sinking ship. More than that, I think he’s actually begun the long process of turning that ship around.

But how many lives does a CEO have? How many more federal fines, massive settlements, and lousy earnings reports will the board put up with? Moynihan isn’t necessarily B of A’s savior, but he is getting the job done, and the superbank probably doesn’t need a CEO transition either right now, or in the immediate future.

Foolish bottom line
Any one of these five situations could hurt any of the country’s big banks, but for B of A, any single one would deliver more damage, and a combination of several could be a knockout blow. B of A needs more time to repair itself. In the meantime, there are many other healthy banks out there to invest your money in.

The article 5 Things That Could Hobble Bank of America originally appeared on Fool.com.

Fool contributor John Grgurich owns shares of Citigroup and JPMorgan Chase. Follow John’s dispatches from the bleeding heart of capitalism on Twitter @TMFGrgurich.The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo.

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