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

Bank of America Corporation (NYSE:BAC) is one of the stocks Jim Cramer shared his thoughts on. Cramer called the market reaction to the stock after its earnings “extreme,” as he stated:

“Alright, how about Bank of America, which looks fantastic. They posted a small top and bottom line beat, with a 7% revenue growth, 18% earnings per share growth. Astounding. Their net interest income was up 10%, also slightly better than expected, yet the stock still sold off 4% today. I think that’s extreme. Don’t let that mislead you. Bank of America reported a solid quarter, all four of the business lines, they beat revenue expectations, with global wealth and investment management and global markets both up over 10% year-over-year. I’m not used to seeing that. Bank of America also sounded confident about 2026, guiding for 5 to 7% net interest income growth this year. CEO Brian Moynihan said, ‘While any number of risks continue, we are bullish on the U.S. economy in 2026.’ It’s tough to poke holes in this Bank of America quarter. Sure, the company got a boost from lower than expected credit charges, which helped drive their slightly better than expected earnings beat. Like JPMorgan, their debt and equity underwriting was light. That was disappointing. But really… I think this was a really fine quarter for Bank of America, maybe the best. And the stock only got hit today because Wall Street paints out with a broad brush. This decline was, I think, pure guilt by association. I’m pronouncing it innocent.”

Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels

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

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