Jim Cramer on Bank of America: “I Can’t Get Excited About It”

Bank of America Corporation (NYSE:BAC) is one of the stocks Jim Cramer reflected on. While discussing the firm’s earnings report, Cramer noted that it posted the weakest earnings among the major banks.

“Bank of America reported a good quarter, but it was the weakest of the four majors. While the bank managed a bottom-line beat, it was the only one of the four that missed on the top line, thanks to a nasty net interest income miss. But it wasn’t that big a miss. That said, Bank of America managed to maintain its full-year net interest income forecast, which helped blunt the impact of the miss, and why the stock didn’t get hit that much. I was a tad disappointed with BofA’s markets and banking segments, both of which fell short of expectations. In a quarter with so much volatility, their sales and trading business should have been printing money, but it didn’t happen. The company shares had already declined nearly 2% yesterday, fell a little bit more today. I don’t know, I can’t get excited about it, I guess.”

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Bank of America (NYSE:BAC) provides financial services, including consumer banking, credit, investment management, lending, treasury solutions, and trading across multiple asset classes.

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Disclosure: None. This article is originally published at Insider Monkey.