Jim Cramer Says “I Think This Was a Really Fine Quarter for Bank of America, Maybe the Best”

“Alright, however astir Bank of America, which looks fantastic. They posted a tiny apical and bottommost enactment beat, with a 7% gross growth, 18% net per stock growth. Astounding. Their nett involvement income was up 10%, besides somewhat amended than expected, yet the banal inactive sold disconnected 4% today. I deliberation that’s extreme. Don’t fto that mislead you. Bank of America reported a coagulated quarter, each 4 of the concern lines, they bushed gross expectations, with planetary wealthiness and concern absorption and planetary markets some up implicit 10% year-over-year. I’m not utilized to seeing that. Bank of America besides sounded assured astir 2026, guiding for 5 to 7% nett involvement income maturation this year. CEO Brian Moynihan said, ‘While immoderate fig of risks continue, we are bullish connected the U.S. system successful 2026.’ It’s pugnacious to poke holes successful this Bank of America quarter. Sure, the institution got a boost from little than expected recognition charges, which helped thrust their somewhat amended than expected net beat. Like JPMorgan, their indebtedness and equity underwriting was light. That was disappointing. But really… I deliberation this was a truly good 4th for Bank of America, possibly the best. And the banal lone got deed contiguous due to the fact that Wall Street paints retired with a wide brush. This diminution was, I think, axenic guilt by association. I’m pronouncing it innocent.”

Stock marketplace reports printed connected a expanse of paper. Photo by RDNE Stock Project connected Pexels

Bank of America Corporation (NYSE:BAC) provides banking, investment, and fiscal services, including lending, wealthiness management, trading, and advisory solutions.

While we admit the imaginable of BAC arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the champion short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.