Bank of America (BAC) is trading lower, tracking the broader market decline amid rising recession fears, while analysts maintain a Hold rating on the stock.
- BAC is currently trading at $54.97, reflecting a daily decline of 0.74%.
- Zacks maintains a Rank #3 (Hold) on the stock, with consensus EPS estimates stable at $0.98 for the quarter (+8.9% YoY).
- The stock follows the broader market decline, with the S&P 500 down 0.71% and the Dow down 0.73%, driven by macro concerns including 231,000 jobless claims.