Bank of America lifts its profit outlook. Here's why it's not boosting the stock.

Core Insights - Bank of America Corp. has raised its long-term profit growth outlook, indicating a positive shift in its financial expectations [1] Company Summary - The bank's stock has experienced significant gains throughout the year, reflecting strong market performance [1] - Despite the improved outlook, investor reaction was lukewarm, suggesting that the market may have already priced in the anticipated growth [1]