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Bank of America (#BAC) announced their Q1 earnings and beat analyst expectations! The company reported GAAP EPS of $0.86 (beat by $0.20) and revenue of $22.82B (+0.2% Y/Y).
America's second largest bank also announced that the board has authorized the repurchase of up to $25B of common stock in due time. Many investors are ecstatic about the news, but is now the time to buy #BAC stock? Shares are up +74.58% over the past year and making ten year highs. Should investors buy, sell, or wait when it comes to #BAC stock?