Bank of America Corporation (BAC) stock slides toward $51 as bank shares retreat — what investors are watching next
New York, January 23, 2026, 13:12 EST — Regular session Bank of America Corp shares slipped about 1.8% to $51.49 in early Friday afternoon trading, weighed down by a widespread decline in U.S. bank stocks. The Invesco KBW Bank ETF fell roughly 2.5%, with JPMorgan Chase, Citigroup, and Wells Fargo all sliding nearly 2%. Traders are offloading positions as attention turns to the Federal Reserve’s January 27-28 meeting. Economists polled by Reuters expect the Fed to hold the funds rate steady at 3.50%-3.75%. Jeremy Schwartz, senior U.S. economist at Nomura, told Reuters, “The economic outlook on the surface suggests the