New York, Feb 8, 2026, 10:46 AM EST — Market’s shut.
- Bank of America climbed roughly 3% by the close on Friday, catching the upside with U.S. stocks rallying broadly.
- Monday arrives with investors zeroing in on overdue U.S. jobs and inflation data—numbers that might shake up views on possible rate cuts.
- CEO Brian Moynihan donated 100,000 shares, according to a filing.
Bank of America Corp closed out Friday with a 2.9% gain, landing at $56.53 per share. That move gives the lender a bit more stability after what’s been a turbulent run for rate-sensitive names.
The market is closed Sunday. On Monday, BAC is back in action, with investors still wrestling with where U.S. interest rates go next. For the major banks, that’s crucial—their lending profits hinge on the gap between loan income and deposit costs.
Markets are bracing for a logjam of U.S. economic reports, jammed up after a government shutdown pushed back key releases. According to S&P Global Market Intelligence, figures on January payrolls are set to land Feb. 11, with the January consumer price index following on Feb. 13. The Fed, for its part, kept rates steady at 3.5%-3.75% during its January meeting, after three cuts late last year.
Bank of America climbed Friday, catching a lift from the broader surge that carried the Dow past 50,000 for the first time. “What’s driven it recently has been the broadening that we have seen in the market,” said Chuck Carlson, chief executive officer at Horizon Investment Services. Reuters
Big banks headed higher going into the weekend. JPMorgan Chase picked up 3.9%, Citigroup surged 6.0%, and Wells Fargo climbed 2.1% during the latest session.
Rates traders wrapped up the week by shifting positions once more. The two-year U.S. Treasury yield added 3.5 basis points, landing near 4.152%. The 10-year yield, on the other hand, dipped 3.2 basis points to around 4.383%. According to Reuters, bets in the market pointed to the Fed making its next cut in June.
There wasn’t much in the way of company news, though a regulatory filing might get a look. According to a Form 4 dated Feb. 6, CEO Brian Moynihan gave away 100,000 shares, listing the transaction as a charitable donation.
But for BAC, the major swing this week comes from the macro backdrop, not the paperwork. If inflation runs hot, yields could climb and investors might delay hopes for rate cuts. Softer numbers, though, would flip the concern to slowing growth and the risk of credit losses.
Investors are tuning in for any new cues from management. According to Bank of America’s investor calendar, Moynihan is set to speak at the BofA Securities Financial Services Conference on Feb. 10 at 8:00 a.m. ET. The next earnings release lands April 15.
Monday, BAC’s open gets immediate attention versus the other big banks, but eyes shift fast to the Feb. 11 payrolls and the Feb. 13 CPI—those are the next major catalysts.
