BAC is trading at $48.01 (-3.6%) as of March 6 morning, extending losses from the previous session as geopolitical tensions and inflation concerns trigger a broad market selloff.
- Major indices are down significantly, with the Dow dropping 1.73% and the S&P 500 falling 1.46% amid the escalating U.S.-Iran conflict and oil prices surging near $84/barrel.
- The stock is also trading ex-dividend today ($0.28/share), with no company-specific news reported to offset the downward pressure from the macro environment.