NEW YORK, June 27, 2026, 18:05 EDT
- Bank of America NYSE:BAC slipped 0.53% to finish at $57.88 on Friday. The stock had hit a 52-week high of $59.20 on Thursday.
- Bank of America is looking at a stressed CET1 minimum of 9.9% in the Fed’s 2026 stress test, down from its current 11.4%. Projected loan losses came in at $64.9 billion.
- Bank of America stuck with its $40 billion buyback plan, while the board will hold off on the next quarterly dividend decision until July.
- Trading hours are cut this week because the NYSE closes July 3 for the Independence Day holiday. Bank of America’s earnings are due out July 14.
Bank of America Corporation NYSE:BAC heads into a short U.S. trading week trading just under its all-time high, and the dividend question hasn’t been settled. The New York Stock Exchange will be shut July 3 for the Independence Day holiday, with normal trading running 9:30 a.m. to 4 p.m. Eastern.
The stock finished Friday at $57.88, down 0.53%. It opened the session at $58.54 and moved in a range from $57.44 to $58.63. About 48.76 million shares traded, roughly 35% more than the 65-day average. In after-hours, the stock was quoted at $58.05.
BofA is mixed this week. Shares climbed 3.0% from June 18 before Juneteenth, but are just 0.9% up since Monday. The stock touched a 52-week high of $59.20 on Thursday before slipping to close Friday 2.2% off that mark.
Bank of America’s stress-test numbers show most projected loan losses in commercial and industrial loans under the Fed’s downside scenario. Those loans came in at $23.2 billion, around 36% of total losses expected. Credit card losses made up about $17.2 billion, or 27%. Domestic commercial real estate losses were $7.1 billion.
BofA’s stock trades on more than consumer credit. The Fed’s stress test shows more losses landed on the corporate book this time, not on cards or commercial real estate. Loan growth, reserve building, and what BofA says on corporate credit could matter most when second-quarter earnings come out.
Bank of America got enough of a capital buffer for some leeway. The Fed set the bank’s stressed minimum common equity tier 1 ratio at 9.9%. That’s down from 11.4% at the end of 2025. The 1.5-point drop was just under the 1.6-point average decline for all 32 banks.
The Fed scenario still left the bank with a projected pre-tax loss of $12.5 billion, as $66.2 billion in pre-provision net revenue got erased by $69.5 billion of provisions for loan and lease losses and more hits from trading, counterparty and other losses.
Bank of America offered a more cautious payout update than some rivals. JPMorgan Chase & Co. NYSE:JPM moved to a bigger quarterly dividend and rolled out a fresh $50 billion buyback plan. Citigroup Inc. NYSE:C, Goldman Sachs Group Inc. NYSE:GS, Morgan Stanley NYSE:MS, and Wells Fargo & Co. NYSE:WFC all announced dividend hikes after the Fed’s results. Bank of America said its board will decide on the next quarterly dividend next month. It kept its $40 billion buyback program unchanged.
Bank of America (BAC) held up better than peers Friday. Shares slipped 0.53%, outperforming JPMorgan, which dropped 1.91%. Citigroup dropped 2.25%, Wells Fargo fell 1.04%, and Goldman Sachs ended off 4.33%.
Bank of America said first-quarter revenue, minus interest expense, came in at $30.3 billion. Net income was $8.6 billion. Diluted earnings at $1.11 per share. The next earnings report is set for July 14. The bank said this setup isn’t just about capital return.
Bank of America CEO Brian Moynihan last month told investors the bank is looking for a 15% jump in trading revenue for the second quarter versus last year. “Got to be careful year over year. You got to remember last year was liberation quarter, so some of these numbers will look big,” Moynihan said at a financial conference, per Reuters. Reuters
Moynihan said net interest income might hit the top of Bank of America’s 6% to 8% growth target for 2026. Internal data showed household credit and debit card spending climbed 4.8% in April from a year earlier.
Investors get four trading days this week to react to the stress-test details before the July holiday. A board call on the July dividend is still pending, meaning the cash-return figure remains unknown before Q2 earnings.
