Why Bank of America Stock Is Higher Today
Bank of America (NYSE: BAC) posted better-than-expected numbers for the first quarter, signaling that the uncertainty gripping Wall Street has not yet made its way to Main Street.
Investors applauded the results, sending Bank of America shares up as much as 6% on Tuesday and up 4% as of 11 a.m. ET.
Bank of America earned $0.90 per share in the quarter on revenue of $27.4 billion, surpassing Wall Street expectations for $0.82 per share in earnings on sales of $26.9 billion. This was the 12th consecutive quarter of year-over-year revenue growth.
Source Fool.com
