In the following video, Motley Fool financial analyst Matt Koppenheffer takes investors through the reasons why Bank of America (BAC +0.90%) and Citigroup (C +2.09%) are both down after yesterday's earnings reports. He tells us how, a year ago, investors were only hoping for the survival of these banks rather than casting an eye to future growth. Because both companies had phenomenal years in 2012, though, investors had the bar set very high for both banks, and came away from this earnings report disappointed.
Here's Why Citi and BofA Fell Yesterday
By Matt Koppenheffer – Jan 18, 2013 at 5:48PM
NYSE: BAC
Bank of America
Market Cap
$395B
Today's Change
(0.90%) $0.48
Current Price
$54.11
Price as of November 12, 2025 at 4:00 PM ET
This is what was behind these two big banks' drops.
About the Author
Matt is the head of the Coverage Team for The Motely Fool's premium products. Previously, he's been . Matt is a heavy user of AI tools and is working on harnessing them to help Fool members. Previously, Matt was GM of Motley Fool Ascent, led The Motley Fool Deutschland, has been an investor on various Fool services, and co-hosted the podcast "Where the Money Is". He also co-authored the book The Astonishing Collapse of MF Global. Matt started his career in San Francisco as a technology-focused investment banker and also worked at a $15 billion private equity company. When he's thinking about how to make Fools smarter, happier, and richer, you can usually find Matt running trails or making a mess in the kitchen. He's a graduate of the University of Pennsylvania, but is a lifelong fan of Penn State football.