BAC
NEW YORK STOCK EXCHANGE, INC. · Banking
Bank of America Corp
$48.75
+1.52 (+3.22%)
BAC News30 articles
Bank of America Gains as Rising Yields Boost Lending Outlook
Bank of America shares advanced 1.4% to $48.17 on Tuesday, defying a down market as higher Treasury yields improved the outlook for bank lending margins.
Mortgage Rates Climb to 6.55% as Treasury Yields Surge, Dampening Housing Demand
Mortgage rates increased Tuesday, with the 30-year fixed rate reaching 6.55% as Treasury yields climbed. Mortgage applications dropped 10.9% last week, reflecting continued buyer sensitivity to higher borrowing costs.
Mortgage Rates Climb, Squeezing Spring Housing Momentum
The average 30-year fixed mortgage rate increased to 6.22% this week, contributing to a 10.9% drop in overall loan applications as refinancing activity slowed. Purchase applications showed slight weekly growth but remain volatile year-over-year.
Bank of America Gains as Fed Outlook Firms, Legal Settlement Looms
Bank of America shares advanced 0.5% to $47.28, stabilizing after a sector selloff. Investors now anticipate only one Fed rate cut this year, impacting bank profit models. The bank also reached a settlement in principle over Jeffrey Epstein-related claims.
Bank of America Stock Dips Amid Regulatory Shift and Inflation Pressures
Bank of America stock declined Friday as investors weighed potential regulatory relief against persistent inflation and credit risks. The financial sector faced broad pressure.
Bank Stocks Gain on Regulatory Ease Amid Credit, Rate Pressures
Bank of America shares advanced Friday after Federal Reserve officials signaled plans to reduce capital requirements for major banks. The gains occurred alongside fresh stress in private credit markets and persistent inflation concerns delaying interest rate cuts.
Bank of America Shares Dip Amid Mixed Q1 Signals and Market Jitters
Bank of America shares declined 1.5% to $47.86, erasing prior gains, even as co-president Dean Athanasia projected strong first-quarter growth in net interest income and investment banking fees. The drop mirrored a broader sell-off in financial stocks amid persistent inflation worries.
CPI Report Awaited as Oracle Surges, Oil Volatility Rattles Markets
Wall Street futures were muted early Wednesday as investors braced for the February Consumer Price Index report. Oracle shares surged premarket after lifting its revenue target, while oil prices recovered from a steep sell-off.
Goldman Offers Hedge Funds Swap to Short Software Loans as AI Risks Mount
Goldman Sachs is marketing a total return swap allowing hedge funds to bet against corporate loans in the software sector, fueled by concerns that artificial intelligence could disrupt credit markets. No trades have been executed yet.
BlackRock Fund Limits Spark Liquidity Fears as Private Credit Defaults Hit Record
BlackRock has restricted redemptions from its $26 billion private-credit fund after requests surged, intensifying stress in real estate-linked markets. Fitch warns of record defaults in the sector.
U.S. Art Auction Sales Surge 23% in 2025, Led by Established Artists
U.S. art auction sales at top houses rose 23% to $3.17 billion in 2025, the first annual gain since 2022, according to Bank of America. The rebound was fueled by historical artists and a focus on quality.
SanDisk Rebounds 4% as Geopolitical Fears Ease, AI Demand Supports
SanDisk shares climbed roughly 4% in early Wednesday trading, recovering a portion of the prior session's steep 8.7% decline. The rebound followed reports of diplomatic outreach from Iran and comments aimed at stabilizing oil markets.
Bank of America Redeems $2.8B in Notes Amid Rate Uncertainty
Bank of America announced the early redemption of $2.8 billion in U.S. dollar, euro, and yen notes maturing in 2027. The move comes as markets reassess interest rate trajectories and bank financing expenses.
Goldman Sachs Shares Stabilize After Volatile Session on Oil Spike
Goldman Sachs shares closed marginally higher after a turbulent trading session driven by a sharp rise in oil prices and shifting interest rate expectations. The bank also filed to issue $28.5 million in callable notes.
Bank of America Advances $2.8B Debt Redemption Amid Market Volatility
Bank of America shares edged higher in extended trading after the firm announced plans to redeem $2.8 billion in senior notes early. The broader banking sector declined as rising oil prices fueled inflation concerns and pushed back expectations for Federal Reserve interest rate cuts.
Goldman Sachs Gains Amid Market Jitters, Oil Spike Weighs on Banks
Goldman Sachs shares advanced 1% on Monday, showing resilience despite broader market declines driven by Middle East tensions and surging oil prices. The bank reported Q4 private credit redemptions of 3.5%, below industry peers.
Goldman Sachs Gains Amid Market Jitters Over Oil, Geopolitics
Goldman Sachs shares advanced 1% on Monday, recovering from last week's decline, while broader markets fell due to geopolitical risks and an oil price spike. The bank traded ex-dividend ahead of a $4.50 payout.
Bank of America Shares Drop Amid Oil Spike, Market Volatility
Bank of America shares declined more than 2% in premarket trading Monday, pressured by surging oil prices and heightened market volatility. The bank also disclosed plans to redeem €1.75 billion in senior notes.
Bank of America Slips as Oil Spike, Volatility Surge Rattle Markets
Bank of America shares declined more than 2% in premarket trading Monday as escalating Middle East tensions sent oil prices sharply higher and equity futures lower. The bank also announced a note redemption.
Wells Fargo Leads Bank Selloff on UK Lender Collapse, Inflation Fears
Wells Fargo shares tumbled 5.62% Friday, leading a broad decline in U.S. bank stocks after the collapse of UK mortgage lender Market Financial Solutions raised credit exposure concerns, while hotter wholesale inflation dampened rate cut hopes.
Bank Stocks Tumble Amid Private Credit Fears, BAC Leads Decline
Bank of America stock plunged nearly 5% Friday, dragging major financials lower as the collapse of UK-based Market Financial Solutions ignited fears over private credit exposure. The S&P 500 bank index fell 4%.
Goldman Sachs Navigates Mixed Economic Signals and Deal Momentum
Goldman Sachs shares rose slightly as December core inflation climbed 0.4% and the bank landed key advisory roles. U.S. Q4 growth slowed to 1.4%.
Bank of America Closes at $52.55 Ahead of Holiday, CEO Pay Rises to $41M
Bank of America ended Friday's session at $52.55, a marginal gain of 0.06%, following a week that saw shares decline roughly 7%. The bank's board approved a 17% increase in CEO Brian Moynihan's 2025 pay package, bringing his total compensation to $41 million.
JPMorgan Lawsuit Advances as Judge Allows Key Cash-Sweep Claims
JPMorgan Chase shares held steady at $302.55 as a Manhattan judge allowed central cash-sweep breach-of-contract claims to move forward. The bank faces scrutiny over the interest rates paid on customer idle cash.
Bank of America Shares Stabilize After Volatile Week; Key Data Ahead
Bank of America stock closed nearly flat at $52.55 following a sharp drop, as markets prepare for a holiday closure and key economic releases.
BAC Slips on CPI Data, Legal Headwinds; Fed Minutes Loom
Bank of America shares edged lower Friday, pressured by cooling inflation data and a new legal development. Markets look ahead to the release of Federal Reserve meeting minutes.
JPMorgan Faces Class Action on Sweep Rates as Stocks Head for Weekly Loss
JPMorgan Chase shares edged higher Friday as a U.S. judge permitted parts of a class action over low cash-sweep rates. The broader market declined, heading for its worst week since November.
Goldman Sachs Legal Chief Exits Amid Epstein Scrutiny as Stocks React to CPI Data
Goldman Sachs Group Inc. saw its stock dip following the resignation of Chief Legal Officer Kathy Ruemmler, linked to her past association with Jeffrey Epstein. The move coincided with a softer-than-expected inflation reading that influenced broader market sentiment.
Bank of America Shares Edge Lower Ahead of Inflation Data, Epstein Suit Advances
Bank of America shares declined slightly in premarket trading Friday, following a significant drop in the previous session, as a class-action lawsuit tied to Jeffrey Epstein moves forward and markets await key inflation figures.
American Express Shares Drop 3% in After-Hours Trading
American Express shares declined more than 3% in extended trading Thursday, underperforming major banking peers as markets braced for key U.S. inflation figures.