BAC is trading at $49.79 (+4.77%) in after-hours trading as markets rally following President Trump's announcement of a five-day postponement of strikes on Iranian energy infrastructure.
- The de-escalation of geopolitical tensions triggered a sharp decline in oil prices, which fell over 7%, providing a lift to the broader equity market.
- Major indices closed the regular session with significant gains, including the S&P 500 (+1.15%), NASDAQ (+1.47%), and Dow (+1.40%).
- BAC shares previously closed the regular session at $47.52 (+0.76%); the current surge appears driven by macro sentiment as no company-specific news was released.