The Biggest Number From Bank of America's Latest Quarter: 18
Rising interest rates and the banking crisis in early 2023 have taken some wind out of Bank of America's (NYSE: BAC) sails. Share prices are lower by roughly 15% so far this year. However, given the backdrop, Bank of America is doing fairly well in one key segment of its business, which is why the number 18 stands out so prominently.
When Wall Street examines Bank of America's quarterly report, a lot of attention is usually paid to the global wealth and investment management, global banking, and global markets divisions. That makes a lot of sense, given they can all be fairly exciting. But they really shouldn't overshadow the company's far more boring consumer banking division.
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Source Fool.com
