22-07-2017 17:02 via feedproxy.google.com

Bank of America is getting punished for missing on a key metric (BAC)

Bank of America isn't living up to its self-generated hype, and investors are making the bank pay.
The company's stock dropped as much as 1.7% on Tuesday, even after it reported quarterly profit and sales figures that beat estimates.
The problem? Net interest income (NII), which saw a surprise drop after climbing 7% in the first quarter.
To add insult to injury, JPMorgan and Wells Fargo — two of the bank's biggest rivals — saw their respective measures rise during the period.
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