Bank of America stock falls on Trump credit-card rate cap talk as CPI, earnings near
Bank of America shares fell 1.2% to $55.19 in after-hours trading Monday after President Trump proposed capping credit card interest rates at 10%. Financial stocks dropped while the S&P 500 edged higher. Trump’s plan lacks enforcement details and would require congressional action, analysts said. Bank of America will report fourth-quarter earnings before the market opens Wednesday.