It's Tuesday, January 19th.

Welcome to Market Foolry.

I'm Chris Hill with me today.

Jason Moser in the house.

Good to see you.

Hey you! We have an acquisition. It's not Monday, but it feels like Merger Monday.

We're going to dip into the full mail back. We're going to start with another big bank though because Bank of America wrapped up their fiscal year with, let's just call it a mixed fourth quarter report.

Profits were higher than expected for Bank of America, overall revenue was a little light. The stock is flat which is pretty much in

keeping with the past 12 months for shares of Bank of America.

Yeah, I mean the financial sector in general didn't have the greatest 2020.

I mean that was one of the underperforming sectors of the year.

Understandably, I mean it's been a difficult environment for all sorts of banks, both big and small.

But I mean, in looking through the release, it's a bit of a trick to really square this one up

because in the release, one of the points the CFO noted said

despite one of the worst economic environments in modern memory and you feel like

right there he's just setting us up for something you know it's just not going to be very good we

ended the year stronger than before the health crisis and well positioned to support our clients

and they go on to talk about having grown deposits by

361 billion dollars capital ratios are at record levels

They're back to returning capital to shareholders.

So given that it is one of the worst economic environments

in modern memory, these guys seem to be doing okay. that's that's great I mean maybe

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