Bank of America Stock Price Jumps 1.4%: Why BAC Rose While Wall Street Fell
Bank of America shares closed up 1.4% at $48.17 Tuesday, outperforming a falling S&P 500 as Treasury yields and oil prices climbed. Traders dropped expectations for Fed rate cuts in 2026, boosting bank stocks on prospects for higher interest income. The bank expects first-quarter net interest income to rise at least 7%. U.S. business activity hit an 11-month low in March.