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.
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.
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.” Reuters
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.
Analysts tracked by MarketWatch put a median target of $59 on Bank of America, above current levels. Their estimates ranged from $53 to $68.
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.
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.
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.
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.
