Bank of America Up 5% Post-Earnings: I'll Sit Tight
BACBank of America(BAC) Seeking Alpha·2024-07-18 20:03

Bank of America Times Square video display CribbVisuals Bank of America (NYSE:BAC) released its earnings on Tuesday. When I checked the stock after the release came out, I was pleasantly surprised to see that it gained 5.5% in early trading. It ended up holding the gains for the better part of the day. Although Bank of America’s release beat expectations on both revenue and earnings per share (“EPS”), the company delivered no growth in the quarter. The nature of these earnings was the reason why the post- ...