Bank of America stock price rises 3% (BAC) as Dow tops 50,000; next catalysts loom
Bank of America shares closed up 2.9% at $56.53 Friday, tracking a Wall Street rally that pushed the Dow above 50,000. The bank will redeem all Series DD preferred stock on March 10 and CEO Brian Moynihan is set to speak at a conference Feb. 10. Investors are awaiting delayed U.S. jobs data and Fed signals next week.