Bank of America climbs as Wall Street rally returns momentum to big banks
Bank of America shares climbed 1% to $51.19 Wednesday as financial stocks advanced and bond yields eased. The company reported Q1 revenue of $30.3 billion and net income of $8.6 billion. Bank of America, Citigroup, and JPMorgan are set to help lead SpaceX’s expected IPO, with Goldman Sachs in the top role, according to Reuters. U.S. convertible bond issuance hit $34 billion so far in 2026, more than double last year.