Bank of America (BAC) shares fell sharply by 5.01% during intraday trading on Wednesday, marking one of the stock's largest single-day declines since April 2025.
The drop followed the bank's Q4 earnings report, which beat expectations but failed to offset broader investor concerns. Key factors included President Trump's proposed 10% cap on credit card interest rates, which could restrict bank profitability, and a cautious market sentiment toward financial stocks. Analysts also noted sector-wide pressures as other major banks reported mixed results.
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