Bank of America (BAC) Dips More Than Broader Markets: What You Should Know

In the latest trading session, Bank of America (BAC) closed at $30.01, marking a -0.4{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} move from the previous day. This move lagged the S&P 500’s daily loss of 0.22{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49}. Elsewhere, the Dow lost 0.23{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49}, while the tech-heavy Nasdaq lost 0.38{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49}.

Coming into today, shares of the nation’s second-largest bank had gained 7{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} in the past month. In that same time, the Finance sector gained 2.53{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49}, while the S&P 500 gained 2.78{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49}.

Wall Street will be looking for positivity from BAC as it approaches its next earnings report date. In that report, analysts expect BAC to post earnings of $0.51