Is the future of Bank of America sustainable and should Google by Tesla?

You're in the right place folks because this is where the money is.

Welcome to the show folks. I am David Hansen today joined by fool.com's John Reeves.

Thanks for being here.

Hey David, thank you. We are going to start the show like we always do looking at

today's headlines and the first one we got is from the Wall Street

Journal here and it's about Bank of America in the news again Bank of

America weighs prohibiting overdrafts so Bank of America makes a lot of

their money from fees.

A couple years ago they came out and said,

we're not going to do overdrafts at point of sale transactions anymore.

So you can't go out and buy a cup of coffee

and get an overdraft fee without opting into some coverage.

And now this article saying that Bank of America is considering completely doing away with overdrafts

even when you write a check, when you go to an an ATM is this good news for Bank of America

shareholders or better news for Bank of America customers?

Yeah, you know great question I think the first thing I thought of is that

yeah this is a lot of money this is not it is this is billions of

dollars but interestingly enough I think there's two sides to it on the one

hand it hurts them financially right but on the other hand I wonder is this

maybe something that is good for customers I mean they've

struggled with their reputation and it's more transparent it's sort of

...