Bank of America (BAC) is reviewing new credit card products featuring a 10% interest rate cap in response to political and regulatory pressure on consumer borrowing costs, following a recent Q4 earnings beat.
- The bank extended its Volvo financing partnership through 2030, contributing to strong recent performance.
- BAC is matching the U.S. government’s $1,000 contributions for eligible employee accounts.
- BAC is trading at $52.55 (+1.42%), significantly outperforming broader market declines (S&P 500 down 0.99%).