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Bank Of America: Don't Over-Analyze Results

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Summary

  • Bank of America reported disappointing Q1'15 results.
  • The bank remains a highly rate sensitive play, suggesting investors shouldn't over-analyze quarterly results due to declining rates.
  • Due to cost management and a cheap value, Bank of America remains an attractive pick.
With the Q1'15 earnings release at Bank of America (NYSE:BAC), a lot analysts will analyze every detail to the max. The stock is trading slightly down on the results as investors are disappointed with the numbers, especially on the revenue side. The real question is whether investors should compare the results to analyst expectations or focus more on the large quarterly profits for a stock with a market valuation of $166 billion.

Read the full article on Seeking Alpha.


Disclosure: No positions mentioned. Please review the disclaimer page for more details. 




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