New York, January 27, 2026, 14:36 EST — Regular session
- Bank of America shares gained roughly 0.2%, trading near $52.14 in the afternoon session
- BofA has extended its financing partnership with Volvo Car Financial Services through 2030
- Traders are focused on Wednesday’s Fed statement and CEO Brian Moynihan’s remarks from the Feb. 10 conference
Shares of Bank of America Corporation edged up roughly 0.2% to $52.14 on Tuesday. The move came after the bank announced it had extended its U.S. auto-financing deal with Volvo Car Financial Services through 2030. During the session, the stock fluctuated between $51.82 and $52.21.
This shift carries more weight for what it reveals about consumer lending than for the headline itself. Auto loans and leases usually respond fast to rate changes, making them a key focus for investors tracking early signs of stress amid persistent borrowing costs.
Rates remain the key focus for bank stocks this week. The Federal Reserve wraps up its two-day meeting Wednesday, with expectations that the benchmark rate will hold steady between 3.50% and 3.75%. Oxford Economics’ chief U.S. economist Michael Pearce described the near-term outlook as “benign” in a recent note. 1
Volvo Car Financial Services and Bank of America announced their partnership will continue to handle auto loan and lease origination, financing, and servicing for Volvo customers and the brand’s 280 U.S. dealers. This deal builds on a relationship that started in 2012. Robert Manna, President of Volvo Car Financial Services, said the renewal “reaffirm[s] our commitment” to offering competitive financing options. Bank of America’s Roger Boschulte highlighted a “smooth and flexible” buying experience for customers. 2
Bank of America’s shares traded roughly in step with the sector Tuesday. Wells Fargo climbed about 0.8%, while JPMorgan slipped close to 0.7%, and Citigroup edged down around 0.2%.
The bank highlighted that Chief Executive Brian Moynihan is scheduled to speak at 8 a.m. ET on February 10 during the BofA Securities Financial Services Conference. 3
On Tuesday, BofA Finance LLC, backed entirely by Bank of America, disclosed a $4.564 million sale of auto-callable yield notes tied to Amazon.com stock in an SEC filing. According to the prospectus, the notes will be issued on January 28 and mature in 2029.
The broader market showed strength, with the S&P 500 hitting a record peak earlier in the day amid earnings reports. Investors shrugged off steep declines in certain health insurers. 4
But the threat to banks extends beyond just tomorrow’s Fed talk. Standard Chartered flagged on Tuesday that stablecoins — crypto tokens pegged to the dollar — might siphon off some $500 billion in deposits from U.S. banks by 2028. That hit would squeeze net interest margins, the difference between what banks earn on loans and what they pay out on deposits. Geoff Kendrick, the bank’s digital assets research head, warned that core banking could well pivot toward stablecoins. 5
The next trigger hits Wednesday with the Fed statement set for 2 p.m. EST, followed by Chair Jerome Powell’s press conference at 2:30 p.m. EST. Investors in BAC will be tuning in for fresh insights on consumer credit and funding costs when Moynihan addresses the topic on February 10. 6
