The Latest Breaking News from BAC

Someone with a lot of money to spend has taken a bearish stance on Bank of America (NYSE:BAC). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Bank of America (BAC) and Citibank (C) are two heavyweights in the banking industry. The possibility of multiple interest rate hikes in 2022 will enable bank stocks to increase profit margins in the next 12-months. Let’s see which of these two stocks should be part of your shopping list right…

Bank of America (NYSE:BAC) has outperformed the market over the past 10 years by 7.19% on an annualized basis.

Some of the stocks that may grab investor focus today are: Wall Street expects Bank of America Corporation (NYSE: BAC) to report quarterly earnings at $0.76 per share on revenue of $22.23 billion before the opening bell. Bank of America shares slipped 0.2% to $46.18 in pre-market trading.

Shares of companies in the broader financial services sector, including Wells Fargo & Co (NYSE: WFC), Bank of America Corp (NYSE: BAC) and