An Earnings Season Reality Check

By Jessica Alling – Apr 25, 2013 at 8:22PM

NYSE: BAC

Bank of America

Market Cap

$302B

Today's Change

(-0.13%) -$0.05

Current Price

$38.32

Price as of April 24, 2024, 4:00 p.m. ET

It's been a tough earnings season on the nation's big banks, but was it justifiable?

We all saw the share prices tank after JPMorgan (JPM 0.49%), Wells Fargo (WFC -0.56%), and Bank of America (BAC -0.13%) reported earnings. But did the banks' earnings really justify the negative reactions they received? In the video below, Motley Fool contributor Jessica Alling discusses the reason for the drops and why Foolish investors should see past the initial reactions.

Fool contributor Jessica Alling has no position in any stocks mentioned -- you can contact her here. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, JPMorgan Chase, and Wells Fargo. 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.