Bank Of America Stock Is Falling: What's Going On?
Portfolio Pulse from Adam Eckert
Bank of America Corp (BAC) shares are trading lower due to overall market selling pressure. The bank announced plans to increase its dividend by 9%, pending board approval. The labor market remains tight, increasing the likelihood of more interest rate hikes from the Fed this year. BofA is set to report its Q2 financial results on July 18.
July 06, 2023 | 2:39 pm
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Bank of America's stock is trading lower due to overall market conditions. The bank's plan to increase its dividend by 9% and upcoming Q2 financial results could influence its stock price.
The overall market selling pressure is causing Bank of America's stock to trade lower. However, the bank's announcement of a 9% dividend increase and upcoming Q2 financial results could potentially influence its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100