BAC is trading 2.1% up at $58.15 as shares rebound from the prior session’s weakness following an Oppenheimer downgrade and late-cycle warning for large U.S. banks.
- Investors appear to be recalibrating the impact of the downgrade rather than reacting to fresh company-specific news today.
- The stock's move is slightly stronger than the modestly positive broader market, signaling a recovery from yesterday's sector-wide pressure.