🔴 Bank of America is trading 3.1% down today amid broad financial-sector weakness

Bank of America is trading 3.1% down now at ARS 22470.00 amid broad financial-sector weakness, with XLF down 1.54% during the regular session.

• Persistent inflation and renewed expectations for higher-for-longer interest rates are pressuring bank shares.
• Bank of America warned earlier that third-quarter investment-banking fees may decline at least 10%, while trading revenue remains flat.
• No fresh company-specific catalyst was identified for September 22.