Warren Buffett is a fan of Bank of America's CEO Brian Moynihan. But, should you be a fan of Bank of America's stock?
Bank of America shares are up more than 2% today after reporting better than expected earnings. The results earned the approval of legendary investor Warren Buffett. On CNBC's "Squawk Box" Wednesday, Buffett said to Becky Quick:
"Brian [Moynihan] has done a terrific job. You mentioned $1.6 billoin in charge-offs for the quarter. That's before the reserve release... I don't think anybody expected charge-offs to be as low as they are now."
So, with Buffett's seal of approval, should you put your money in Bank of America?
On CNBC's Street Signs, John Stephenson, portfolio manager at First Asset Investment Management, looks at Bank of America's fundamentals. On its charts is Abigail Doolittle, Technical Strategist at The Seaport Group.
Watch the video above to see Stephenson and Doolittle analyze Bank of America.
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- Brian Moynihan