Bank of America stock: BAC holds near $52 after $1B employee stock award as credit-card rate cap returns to focus
Bank of America shares slipped 0.06% to $52.07 Wednesday after a $1 billion stock grant for non-executive staff, totaling nearly 19 million shares. Investors await Thursday’s PCE inflation data and the Fed’s Jan. 27-28 meeting for signals on rates. A White House proposal to cap credit card rates at 10% drew criticism from bank CEOs.