At the beginning of last week, Bank of America (BAC 0.09%) reported its earnings from the first quarter of the year. If the stock market's reaction was any indication, investors were not impressed, sending shares of the lender down by more than 6% in the days following the announcement. In the video below, Motley Fool contributor John Maxfield discusses why this was a mistake and identifies one underappreciated aspect of the announcement.
Bank of America’s Unappreciated Victory
By John Maxfield
-
Apr 24, 2013 at 7:47PM
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NYSE: BAC
Bank of America Corporation

Market Cap
$278B
Today's Change
(0.09%) $0.03
Current Price
$34.48
Price as of May 20, 2022, 1:59 p.m. ET
Here's why Bank of America's stock shouldn't have fallen after it reported first-quarter earnings last week.
Stocks Mentioned

Bank of America Corporation
BAC
$34.48
(0.09%)
$0.03
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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