Bank of America stock dips after-hours after $3 billion debt call, with earnings next week
Bank of America will redeem $3 billion in senior notes on Jan. 20, ahead of its quarterly results. BAC shares fell 0.7% to $55.85 in after-hours trading. The notes were set to switch from a 5.08% fixed rate to a floating SOFR-based rate this month. Investors are watching upcoming inflation data and Fed meetings for further direction.