At the beginning of last week, Bank of America (NYSE:BAC) reported its earnings from the first quarter of the year. If the stock market's reaction was any indication, investors were not impressed, sending shares of the lender down by more than 6% in the days following the announcement. In the video below, Motley Fool contributor John Maxfield discusses why this was a mistake and identifies one underappreciated aspect of the announcement.

John Maxfield and The Motley Fool own shares of Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.