Bank of America Stock Is on Track for Worst Selloff Since Tariff Turmoil

Shares dropped nearly 3.8% to $52.48.

It was their worst one-day percentage fall since early April, when President Trump’s tariff unveiling sent stocks sliding. Bank of America’s shares lost 7.6% on April 4, after sinking 11% a day earlier.

It was also the stock’s largest post-earnings loss in percentage terms in more than five years. On Oct. 14, 2020, shares slid 5.3% after the bank posted lower profit during a broader market selloff.

Shares of Wells Fargo and Citi also skidded on Wednesday after those two banks posted quarterly results.