Well, BOA had decent earnings but not enough to satisfy investors. So BOA has two choices, be innovative with products to attract and retain more customers, or increase banking fees and cut back on the quality of service. What do you think they’ll choose…
Bank Of America Earnings Not Enough – Forbes.com Bank of America released earnings Thursday that bested expectations, but they weren’t enough to satisfy investors, who had witnessed even stronger earnings from the some of the bank’s competitors this week. Shares of the Bank of America Bank of America (nyse: BAC – news – people ) were down 94 cents, or 1.8%, to $50.88, at the end of trading. The company announced first-quarter earnings that beat expectations and rose 5.4% from a year ago. Bank of America said its net income for the period ending March 31 rose to $5.26 billion, or $1.16 per share, from $4.99 billion, or $1.07 per share, a year ago.
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