It's a familiar enough name. Bank of America (NYSE: BAC) is one of the United States' biggest banks (as measured by total assets), and it's the third biggest as measured by total branches. You could certainly do worse than owning BofA stock.

You could arguably do better too, however, at least right now. Smaller U.S. Bancorp (NYSE: USB) is a much better bet at this point in time. Here's why.

If you already own a stake in BofA, you're hardly doomed. It's going to be fine. There's no need to sell it, particularly if doing so creates an unwanted tax bill.

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Source Fool.com