Buy Bank of America Stock on This Dip. The Good Outweighs the Bad.

Too many investors are distracted by a couple of recent red flags. But those red flags don't tell the whole story.The market's response to Bank of America's (BAC 3.35%) first-quarter results was decidedly bearish -- and understandably so. Net interest income was down, while charge-offs on soured loans were up. The numbers confirmed investors' worst fears. Although they've bounced back a bit in the meantime, from peak to trough, BofA shares fell more than 10% from their early April high.Before jumping on the ...