Bank of America shares slide after earnings miss
Premarket trading showed Bank of America stock dropping even after accounting for a $1.2 billion federal fine. Investors also awaited inflation figures that could influence the broader market.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
U.S. stock futures edged higher on Wednesday as AI-related shares steadied after a recent selloff, though elevated oil prices kept gains limited. Bank of America stock slid premarket after its profit disappointed, even excluding a $1.2 billion federal fine. Investors awaited the September CPI inflation report, with reports describing hot inflation reviving concerns about Fed rate hikes.
Timeline
- Oct 14, 7:33 AM ET: Bank of America stock slid premarket after profit disappointed, even excluding a $1.2 billion federal fine.
- Oct 14, 8:30 PM ET: U.S. stock futures fell as hot inflation revived concerns about Fed rate hikes.
Coverage
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