Subscribe to TheStreet's free daily newsletter💰💸 Bank of America analysts revealed that although the U.S. software market grew 59% in 2023 and 23% in 2024, development projections still run below historical averages.

Measured next to its rivals, America’s second-largest bank has been a third-rate investment. Bank of America stock is up 2 per cent over the past three years, while JPMorgan’s is up 67 per cent. Even the troubled Citigroup and Wells Fargo have fared better, rising 20 per cent and 34 per cent respectively.

Bank of America stock is trading lower Wednesday after the financial firm reported earnings but Wall Street isn't worried. Here's why.