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Did Bank of America Deserve to Be Walloped?

By David Hanson and Matt Koppenheffer - Apr 17, 2013 at 9:02PM

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Shares of Bank of America were slammed after the bank announced earning. Was the sell-off justified?

After Bank of America (BAC -3.08%) reported its first-quarter earnings, shares of the megabank took a beating. Investors appeared unimpressed by the bank's cost-cutting efforts and lack of revenue growth. Despite the dull results, should long-term investors really be nervous about about the bank's future profitability?

In this video, Motley Fool banking analysts David Hanson and Matt Koppenheffer grade the bank's results and tell investors how they change their long-term view. 

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