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Assume that Bank of America Corp. reported a net loss of $584 million for the fiscal quarter. That day, Bank of Americas stock price climbed
Assume that Bank of America Corp. reported a net loss of $584 million for the fiscal quarter. That day, Bank of Americas stock price climbed from $16.23 per share to $16.37.
This demonstrates that:
A
Equity valuation models are not related to company earnings
B
Dividends are unrelated to earnings
C
Equity valuation models can be irrational
D
The net loss was smaller than investors expected
E
All of the above
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