Stock Market Today, Feb. 24: Bank of America Slips as Economic Uncertainty Pressures Big Banks
The Motley Fool
by newsfeedback@fool.com (Eric Trie)February 24, 2026
AI-Generated Deep Dive Summary
Bank of America (NYSE:BAC) shares dipped by 1.29% to close at $50.41 on Feb. 24, as investors grappled with economic uncertainties and tariff-related pressures impacting bank stocks. The company's trading volume surged to 52.8 million shares, marking a 36% increase compared to its three-month average of 38.9 million shares. This elevated activity reflects heightened investor attention on the stock, which has underperformed the S&P 500 over the past year.
Despite broader market gains, with the S&P 500 rising 0.77% to 6,891 and the Nasdaq Composite adding 1.04% to reach 22,864, Bank of America faced headwinds. The financial giant, which has grown 989% since its 1973 IPO, continues to lag behind major indices, raising questions about its ability to regain momentum. Investors are closely monitoring loan growth and interest income as potential drivers of future performance.
Meanwhile, other large banks also exhibited sector softness. JPMorgan Chase (NYSE:JPM) closed at $297.3, down 0.12%, while Wells Fargo (NYSE:WFC) ended at $84.57, a 0.68% decline. These broader trends highlight a challenging environment for the banking sector, with economic concerns weighing heavily on investor sentiment.
The situation underscores the delicate balance investors face between optimism about bank profitability and worries over economic uncertainty. For those tracking the financial markets, Bank of America's performance serves as an indicator of both the sector's health and the broader economic landscape. As tariffs
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Originally published on The Motley Fool on 2/24/2026