Assume that Bank of America Corp. reported a net loss of $584 million for the fiscal quarter. That day, Bank of America's stock price climbed from $16.23 per share to $16.37.
This demonstrates that:

Question

Quizplus · Accepted Answer

The increase in stock price despite a net loss suggests that the loss was smaller than what investors expected, indicating their expectations were adjusted positively based on the actual results. This can lead to an increase in stock price as the market reacts to the news.

Assume That Bank of America Corp