Why Bank of America Stock Is Higher Today

Bank of America (BAC 3.98%) posted better-than-expected numbers for the first quarter, signaling that the uncertainty gripping Wall Street has not yet made its way to Main Street.Investors applauded the results, sending Bank of America shares up as much as 6% on Tuesday and up 4% as of 11 a.m. ET.Strong momentum in consumer banking and tradingBank of America earned $0.90 per share in the quarter on revenue of$27.4 billion, surpassing Wall Street expectations for $0.82 per share in earnings on sales of$26. ...