Looking at the performance of Bank of America's (BAC +1.29%) shares following its earnings announcement, you'd be excused for thinking that the nation's second largest bank by assets had a horrible first quarter. But this simply isn't true. In the video below, Motley Fool contributor John Maxfield discusses why the moves in Bank of America's stock were more of an overreaction as opposed to an accurate reflection of the bank's first-quarter performance.
Whoa There! Bank of America’s Earnings Weren’t that Bad
By John Maxfield – Apr 18, 2013 at 10:00PM
NYSE: BAC
Bank of America
Market Cap
$389B
Today's Change
(1.29%) $0.67
Current Price
$52.43
Price as of October 24, 2025 at 3:58 PM ET
Shares of Bank of America tanked following its first-quarter earnings release on Wednesday. Here's why the market overreacted.
About the Author
I write about banks, trying my best to balance the good and the bad.