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Why Bank of America Climbed While the Market Fell Today

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. For the quarter, Bank of America's revenue rose by a sturdy 10% year over year to nearly $22.1 billion.