NEW YORK, February 3, 2026, 13:22 EST — Market open.
Bank of America shares dipped 0.5% to $53.76 on Tuesday, staying close to the day’s low during early afternoon trading. The stock kicked off at $54.24 and fluctuated between $53.69 and $55.11.
The pullback hit as a broad selloff in software and cloud stocks dragged the S&P 500 and Nasdaq down, reigniting worries that new AI models could disrupt existing business models. “We’ve got an expensive market and expectations are really high. Many areas, especially around AI, are priced for perfection,” said John Campbell of Allspring Global Investments. Attention also turned to a deal expected to pass the U.S. House of Representatives aimed at ending the latest shutdown, which has stalled the January jobs report and other key data. Reuters
Rate swings are still lurking under the surface for lenders: shifts in bond yields can either boost or compress banks’ lending spreads, while also affecting how investors value future earnings. On Monday, the U.S. Treasury lowered its first-quarter borrowing forecast to $574 billion and pointed to a refunding announcement set for Wednesday. “The estimates reflect little change from November and, thus, present little risk of any changes to coupon auction sizes in the near term,” said Thomas Simons at Jefferies. Reuters
Bank of America released a regulatory update, revising its Form 13F filing with the Securities and Exchange Commission. This quarterly report, which details stock holdings by major investment managers, now shows $1.4739 trillion in reportable assets across 29,308 line items. The filing was marked as a restatement for the quarter ending Sept. 30, 2025.
The stock rose 1.56% in the previous session, tracking gains from major banks like JPMorgan Chase & Co. and Wells Fargo & Co., according to MarketWatch data.
Bank of America traders focus closely on net interest margin — the difference between loan earnings and deposit costs — along with any signals market volatility might send about trading and investment banking fees.
But the situation can turn quickly. A sharper decline in yields would squeeze lending margins, and worsening consumer credit might force banks to boost loss reserves. Either scenario could drag on the sector, even if the wider market holds steady.
Investors will turn their attention to Bank of America CEO Brian Moynihan, set to speak at the BofA Securities Financial Services Conference on Feb. 10. The bank’s next quarterly earnings report is scheduled for April 15.
