Bank of America beats estimates

Bank of America (BAC) recorded a profit that fell 41.0%, to 72 cents a share, but still bested the consensus estimate of 53 cents a share. BofA gained $2.71, or 9.9%, to $30.20, to help lead the Dow 29 points, or 0.3%, higher, to 11,525.  However, with such a low FusionIQ score of 9 don’t expect BAC to be off to the races anytime soon.  It is likely BAC will have to develop a long trading range before it can make any sustainable upside advances.



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