The market wasn't impressed with the first-quarter performance of Bank of America (BAC 5.94%), sending shares in the nation's second largest bank down by more than 5%. But the reality is that things are much better than they appeared at first. In the video below, Motley Fool contributor John Maxfield discusses one specific aspect of Bank of America's earnings that traders and analysts obviously either overlooked, or unfairly dismissed.
Bank of America's Earnings: What the Market Missed
By John Maxfield
-
Apr 19, 2013 at 11:00AM
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NYSE: BAC
Bank of America Corporation
Market Cap
$273B
Today's Change
(5.94%) $2.01
Current Price
$35.87
Price as of May 23, 2022, 4:00 p.m. ET
It was clear by the market's reaction to Bank of America's earnings, that most traders and analysts missed, or unfairly downplayed, one key announcement.
Stocks Mentioned
Bank of America Corporation
BAC
$35.87
(5.94%)
$2.01
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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