Bank of America stock slips after hours as $25 billion private-credit push lands in a nervous market
Bank of America shares closed down 1.1% at $52.77 after news it will commit $25 billion to private credit deals. The stock saw heavy trading, with a range between $51.52 and $53.30. U.S. financial stocks fell, while oil hit a six-month high amid U.S.-Iran tensions. Fed minutes showed officials split on rate direction, citing risks from inflation and AI.