Shares of Bank of America were slammed after the bank announced earning. Was the sell-off justified?
After Bank of America (BAC -0.13%) 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.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America. The Motley Fool owns shares of Bank of America. 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.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.
