NEW YORK, Jan 3, 2026, 1:55 PM ET — Market closed
Bank of America Corp (NYSE: BAC) shares rose 1.73% to close at $55.95 on Friday, tracking gains across major U.S. banks. JPMorgan Chase climbed 1.01%, Wells Fargo gained 2.15% and Citigroup added 1.72%, according to MarketWatch data. 1
The move came as Treasury yields pushed higher, a shift that often matters for bank stocks because it can change the economics of lending. The benchmark 10-year yield rose 3.8 basis points — a basis point is one-hundredth of a percentage point — to 4.191%, while the 30-year yield climbed to 4.8682%, Reuters reported. 2
The Dow and S&P 500 ended higher on Friday while the Nasdaq slipped slightly, snapping a four-session losing streak for the blue-chip and broad indexes. With markets closed for the weekend, traders are looking ahead to next week’s labor-market data and the Federal Reserve’s rate outlook. Joe Mazzola, head of trading and derivatives strategist at Charles Schwab, said the mood has been “buy the dip, sell the rip.” 3
Bank stocks often react quickly to shifts in the yield curve — the gap between long-term and short-term rates — because it influences lending profitability. A steeper curve can help interest earnings, while higher funding costs can offset the benefit.
A filing on Friday showed BofA Finance LLC, backed by a Bank of America guarantee, marketed auto-callable enhanced return notes tied to the least-performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes, due Feb. 1, 2029. Auto-callable notes can repay early if preset thresholds are met; if the worst-performing index drops far enough, investors can lose principal. The preliminary pricing supplement said the notes are expected to price on Jan. 27 and issue on Jan. 30. 4
Analysts tracked by MarketWatch put a median target of $59 on Bank of America, above current levels. Their estimates ranged from $53 to $68. 5
Before the next session, investors will parse the U.S. Employment Situation report for December 2025, due at 8:30 a.m. ET on Jan. 9, for clues on wages and hiring. 6
Inflation is next. The U.S. Consumer Price Index for December 2025 is scheduled for 8:30 a.m. ET on Jan. 13, a release that can swing Treasury yields and, by extension, bank stocks. 7
Bank of America is due to report fourth-quarter 2025 results on Jan. 14, and it expects to release the numbers around 6:45 a.m. ET and hold an investor call at 8:30 a.m. ET, the bank said. Traders will listen for updated expectations on credit losses, deposit costs and net interest income. 8
From a technical standpoint, Bank of America shares are near the top of their 52-week range of $33.07 to $56.55. Friday’s trading range of $54.88 to $55.99 kept the $56 area in focus ahead of next week’s data and the start of bank earnings season. 9
