Bank of America stock: Trump’s 10% card-rate cap and India probe hang over earnings week
New York, Jan 10, 2026, 11:13 ET — Market closed Bank of America shares ended lower on Friday after President Donald Trump called for a one-year cap on credit card interest rates at 10% starting Jan. 20, a proposal that banking trade groups warned could squeeze credit availability. Bank of America (BAC.N) closed down 0.7% at $55.85, after trading between $55.79 and $56.60. “When companies can’t price the risk properly, they’ll just reduce credit lines,” Annex Wealth Management chief economic strategist Brian Jacobsen wrote in an email. (reuters.com) The policy headline lands as investors brace for a run of bank