Bank of America stock rose 3% as U.S. bank stocks rebounded, driven by investor return to risk after a tough week. Traders are closely watching upcoming labor and inflation data, specifically the delayed January Employment Situation report and CPI numbers, as these could significantly impact interest rate expectations and BAC shares. The bank also plans to redeem Series DD preferred stock and announced significant investment in its credit card business.
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Bank of America stock rises 3% as Wall Street rebounds — what BAC traders are watching next
Bank of America stock rose 3% as U.S. bank stocks rebounded, driven by investor return to risk after a tough week. Traders are closely watching upcoming labor and inflation data, specifically the delayed January Employment Situation report and CPI numbers, as these could significantly impact interest rate expectations and BAC shares. The bank also plans to redeem Series DD preferred stock and announced significant investment in its credit card business.