Bank of America stock slides after-hours as U.S. bank shares pull back into year-end
Bank of America shares fell 1.5% to $55.35 in after-hours trading Monday as bank stocks retreated with the broader market. The Dow closed down 0.51% and the S&P 500 slipped 0.35%. Treasury yields eased, pressuring lenders, while repo borrowing at the Fed’s overnight facility rose to $25.95 billion. Bank of America is set to report fourth-quarter earnings next month.