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The Big Banks Report | Investor Beat - 1/15/14 | The Motley Fool
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The following video is from Wednesday's edition of Investor Beat, in which host Chris Hill and Motley Fool analysts Bryan White and Matt Koppenheffer dig deep into the biggest business and investing stories from the market today.
Shares of Bank of America are hitting a new 2-year high today, after 4th-quarter profits came in just shy of $3.5 billion. CEO Bryan Moynihan continues to rebuild BofA after the disastrous Countrywide acquisition back in 2008. In the lead story on today's Investor Beat, the guys discuss Bank of America is attractive at these levels, whether or not it has become the favorite of the big banks among investors, and what this space looks like as a whole.
Then, the guys take a look at four stocks making moves on the market today. Tesla Motors continues its upward climb after Tuesday's announcement that deliveries in the 4th quarter came in 20% higher than expected. Mattress Firm Holding Corp popped big today, up 46% on a rise in 3rd-quarter profits, despite the fact that the stock tanked in Q2. Control4 Corporation is up big for the second day in a row in the wake of Google's acquisition of Nest. Control4 offers a range of automated products for the home, including thermostats and security. And 3-D printing company ExOne is down today after lowering its 2013 revenue outlook by more than 15%.
And finally, Bryan discusses why the net neutrality rules that were just struck down could have an enormous financial impact on Netflix, while Matt looks at Citigroup and its upcoming earnings report, and how this big bank differs from the rest of the Big Four.
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