Why Bank of America Climbed While the Market Fell Today
The American economy is in pretty good shape if the first earnings report of this year from one of its major banks is any indication. On Wednesday, Bank of America (NYSE: BAC) reported Q4 of 2021 results in which the company notched a convincing earnings beat and showed strength in key areas.
Consequently, investors bid up the stock, which rose by 0.4%, in sharp contrast to the 1% decline of the S&P 500 index.
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Source Fool.com
