Bank of America stock slips: Fed pause, “Trump Accounts” and the next catalysts for BAC
Bank of America shares fell 0.7% to $51.81 Wednesday as major U.S. banks closed mixed. The Fed held rates at 3.50%-3.75%, with two officials voting for a cut. Reuters reported BofA will match the government’s $1,000 seed for proposed “Trump Accounts” for employees’ children. Vito Lo Piccolo was named BofA’s new country executive for Italy.