Bank of America shares fell approximately 1.8% in after-hours trading on February 10, 2026. The decline followed remarks by CEO Brian Moynihan at a financial services conference held that day.
Moynihan stated that he expects interest rates to continue to trend lower. While lower rates are generally viewed as constructive for the broader market, they can compress the net interest income of major lenders.
Market attention is now shifting to the U.S. payrolls report scheduled for release on February 11, 2026. This data serves as a primary indicator for the Federal Reserve's upcoming interest rate decisions.
A weak jobs report could increase the probability of earlier rate cuts. Conversely, a strong report may delay the anticipated timeline for rate reductions.