Bank of America (NYSE: $BAC) Q1 Earnings have dropped Price Amid Higher Rates - Still Up 32% YTD

Bank of America Corporation (NYSE: $BAC) is a multinational investment bank and a financial services company that serves individuals, small and middle-market businesses, large corporations, and governments with a full range of banking, investment management, and other financial and risk management products and services.

The Charlotte, North Carolina-based bank has a vast network of approximately 3,800 retail financial centers, 15,000 ATMs, and award-winning digital banking platforms. It has established itself as a dominant force in the industry. BAC reported its first-quarter 2024 financial results on Tuesday, April 16, 2024, showcasing a mixed performance amidst a shifting economic landscape.

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