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Bank of America Corp (NYSE:BAC) shares are trading lower by 5.7% to $42.95 Tuesday afternoon as fears surrounding U.S. tariffs on Mexico and Canada added to broader market uncertainty.
What To Know: President Donald Trump’s firm stance against further trade negotiations has heightened concerns about economic growth, a key factor affecting the bank’s lending and investment operations.
As one of the largest U.S. banks, Bank of America relies heavily on interest income, which makes up over 50% of its total revenue. With the 10-year Treasury yield dropping to 4.16% Tuesday, the bank faces a potential squeeze …
