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Bank of America's Earnings: What the Market Missed

By John Maxfield - Apr 19, 2013 at 11:00AM

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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.

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.

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