Bank of America is trading at $57.62 (-3.19%) as the Federal Reserve raised rates 25 basis points and signaled another possible hike, pressuring financial stocks and broader equities.
- The financial sector is down 1.54%, while the Dow is down 0.99%.
- Shares remain under pressure after management projected weaker third-quarter investment-banking fees and flat sales-and-trading revenue; that warning was issued September 14.