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Whoa There! Bank of America’s Earnings Weren’t that Bad

By John Maxfield - Apr 18, 2013 at 10:00PM

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Shares of Bank of America tanked following its first-quarter earnings release on Wednesday. Here's why the market overreacted.

Looking at the performance of Bank of America's (BAC -1.23%) 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.

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Stocks Mentioned

Bank of America Corporation Stock Quote
Bank of America Corporation
BAC
$34.45 (-1.23%) $0.43
JPMorgan Chase & Co. Stock Quote
JPMorgan Chase & Co.
JPM
$118.31 (-1.48%) $-1.78
Wells Fargo & Company Stock Quote
Wells Fargo & Company
WFC
$42.00 (-0.26%) $0.11

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