Bank of America stock slides on India regulator leak claim as BAC earnings near
Bank of America Corp shares were down 2.8% in after-hours trading on Wednesday as investors weighed a report that India’s markets regulator found the bank improperly shared confidential information ahead of a 2024 block trade. The stock last traded at $55.64 after moving between $55.45 and $57.21 in the session. The Wall Street Journal, citing people familiar with the matter, said the Securities and Exchange Board of India issued a “show cause notice” — a request to explain why enforcement action should not follow — tied to an alleged leak of material non-public information, meaning price-sensitive details not yet public, about a $180 million sale of shares in Aditya Birla Sun Life AMC; Bank of America declined to comment and Reuters could not immediately verify the report. Reuters