New York, Feb 6, 2026, 19:15 EST — After-hours
- Bank of America climbed roughly 3% Friday, joining a sharp bounce across Wall Street.
- Eyes are on next week’s Fed moves and labor data, with the U.S. jobs report—pushed back—on the radar.
- Recent filings and releases from the bank highlighted changes around capital and consumer activity, while CEO Brian Moynihan is scheduled to speak Feb. 10.
Bank of America Corp climbed 2.9% on Friday, with shares moving in a $54.90 to $56.87 range. In after-hours trading, the stock sat at $56.53. Roughly 42.5 million shares changed hands.
The bank is making noise again as bets on rates return to center stage, and key labor numbers are set to arrive later than usual. San Francisco Fed President Mary Daly called the job market “precarious” and signaled she favors more rate cuts. The monthly jobs report, typically out sooner, has been pushed to next Wednesday after a short government shutdown held things up. Reuters
Wall Street’s surge on Friday sent the Dow Jones Industrial Average closing above 50,000 for the first time—thanks largely to a shift out of the usual tech favorites. “What’s driven it recently has been the broadening,” said Chuck Carlson, chief executive officer at Horizon Investment Services. Reuters
Jobless claims came in at 231,000 for the week, and December’s U.S. job openings dropped to 6.542 million, hitting the lowest level in five years—a signal the labor market could be losing some steam. “More than anything, we see the data as reflective of ongoing judicious hiring practices,” said Oren Klachkin, economist at Nationwide. Reuters
Bank of America is refocusing on its consumer segment, with new emphasis on the credit card side. The bank has “significantly” stepped up spending in that area and expects to roll out changes to its rewards program later this month, according to Mary Hines Droesch, who leads consumer and small-business products and analytics. “All of those things in concert … are what help us feel very confident about our card growth goals,” she told reporters. Banking Dive
The bank announced plans to fully redeem its Series DD preferred stock, along with the related depositary shares, on March 10. Each depositary share will be bought back at $1,000. Dividends covering the current period will be paid separately to shareholders of record as of Feb. 15, on the day of redemption.
CEO Brian Moynihan donated 100,000 shares as a charitable gift on Feb. 4, according to a separate filing. The shares were reported at $0 per share.
Moynihan’s up next. Bank of America’s investor site shows he’s scheduled to speak at the BofA Securities Financial Services Conference, set for Feb. 10 at 8:00 a.m. ET.
Other big banks followed suit on Friday. Shares of JPMorgan Chase picked up 3.9%. Citigroup jumped 6.0%, while Wells Fargo tacked on 2.6%. Goldman Sachs closed up 2.5%.
Interest income remains the main story. Back in mid-January, Bank of America posted earnings that topped forecasts, flagging net interest income as the crucial metric to watch this year—the difference between what it collects from loans and investments and what it pays out on deposits.
The bounce has bank stocks on alert for any shift in yields or what the Fed does next. A soft labor report next week could bring earlier rate-cut bets back to the table—and that might quickly sap the sector’s momentum. Any signs of a deeper slowdown, and suddenly consumer credit quality is back in the spotlight.
U.S. cash trading resumes Monday, Feb. 9. Moynihan is set to speak on Feb. 10, drawing attention just ahead of the postponed U.S. jobs numbers expected Feb. 11. The company, meanwhile, has its next quarterly earnings set for April 15.
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