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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.

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.

Stocks Mentioned

Bank of America Corporation

BAC

$34.48 (0.09%) $0.03

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