New York, Feb 9, 2026, 12:22 EST — Regular session
Bank of America Corp edged down roughly 0.2% to $56.42 this day, sticking close to the flatline as U.S. financials lost ground despite gains in the wider market. The Financial Select Sector SPDR Fund ticked 0.2% lower, with the SPDR S&P 500 ETF climbing about 0.7%.
Even a slight shift counts. Lately, bank stocks have been acting as a gauge for future interest-rate levels. Higher yields tend to boost banks’ loan margins over deposit costs, though that can also make borrowing pricier and push up what banks pay to fund themselves.
That tug-of-war might get a fresh start this week. On Monday, the 10-year U.S. Treasury yield stuck close to 4.22%, leaving traders watching to see if fresh data will cement or weaken those rate-cut bets. 1
Households in the New York Fed’s latest survey put one-year inflation expectations at 3.1% for January, down from 3.4% a month earlier. The three-year and five-year figures? Both unchanged, holding steady at 3%. Federal Reserve Vice Chair Philip Jefferson, speaking Friday, noted that the numbers indicate Americans still see the central bank as serious about getting inflation back to target. 2
Wall Street has its eyes on a stack of economic data—with the postponed January payrolls report set for Wednesday and the Consumer Price Index landing Friday. “Investors are less comfortable with the amount of spending,” said Art Hogan, chief market strategist at B Riley Wealth. He flagged growing discomfort over hefty investment plans right now. 3
JPMorgan Chase edged up 0.3%, Citigroup rose 1.5%. Wells Fargo slipped about 0.7%.
Pressure is also coming straight from the rates market. Bank of America strategists, led by Eleanor Xiao, flagged that stock-market rallies have been fueling bond demand via portfolio rebalancing flows—roughly $37 billion monthly for each $10 trillion in assets. That support, they noted, might not last through this year. 4
BofA Finance LLC, backed entirely by Bank of America’s guarantee, has filed initial paperwork for “Accelerated Return Notes” that track the Global X Robotics & Artificial Intelligence ETF. According to the filing, payouts on these notes will depend on how the fund performs.
The risk is clear enough: data could swing in either direction. If inflation runs hotter, yields may jump and bank lending spreads might widen, though that scenario also tends to heat up deposit competition. Persistent high borrowing costs? That could bring consumer stress right back into focus.
Bank of America CEO Brian Moynihan is slated to speak at the BofA Securities Financial Services Conference on Feb. 10 at 8:00 a.m. ET, a slot investors will be tracking closely. After that, eyes snap back to Wednesday’s payrolls report and Friday’s CPI numbers, both seen as key to the next move. 5
