These three stars need to align before investors rush back into stocks, Bank of America strategist says
Published . Updated .
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
Despite the steep drop in equity markets this week, investors should wait for several developments in other asset markets before rushing back into stocks, Michael Hartnett said.
Directly affected
- BAC Bank Of America-11.4% 30d
Named in this report.
Indirectly affected
- XLF Financial Select Sector SPDR-1.4% 30d
Financial Select Sector SPDR: it holds banks. Linked by “bank” (banks) in this story.
- KRE SPDR S&P Regional Banking ETF-2.9% 30d
SPDR S&P Regional Banking ETF: it holds banks. Linked by “bank” (banks) in this story.
- JPM JPMorgan Chase+0.1% 30d
JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
- WFC Wells Fargo+4.4% 30d
Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
- C Citigroup-5.6% 30d
Citigroup (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
- BNY The Bank of New York Mellon-0.1% 30d
The Bank of New York Mellon (state commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BAC | +0.41% | -0.30% | base | +0.82% | after close | after close | after close |
| XLF | -1.74% | -0.61% | base | -0.40% | after close | after close | after close |
| KRE | -0.40% | +0.75% | base | -0.24% | after close | after close | after close |
| JPM | -0.08% | +0.17% | base | +0.68% | after close | after close | after close |
| WFC | -1.63% | +0.85% | base | -0.49% | after close | after close | after close |
| C | +3.51% | +3.57% | base | +1.32% | after close | after close | after close |
| BNY | -0.26% | +1.23% | base | +0.64% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Despite the steep drop in equity markets this week, investors should wait for several developments in other asset markets before rushing back into stocks, Michael Hartnett said.
Source: MarketWatch
This story
| Company | When | Move | Status |
|---|---|---|---|
| BAC | that day | +0.82% | still updating |
| BAC | three days earlier | -0.30% | final price |
| BAC | five days earlier | +0.41% | final price |
| BNY | that day | +0.64% | still updating |
| BNY | three days earlier | +1.23% | final price |
| BNY | five days earlier | -0.26% | final price |
| C | that day | +1.32% | still updating |
| C | three days earlier | +3.57% | final price |
| C | five days earlier | +3.51% | final price |
| JPM | that day | +0.68% | still updating |
| JPM | three days earlier | +0.17% | final price |
| JPM | five days earlier | -0.08% | final price |
| KRE | that day | -0.24% | still updating |
| KRE | three days earlier | +0.75% | final price |
| KRE | five days earlier | -0.40% | final price |
| WFC | that day | -0.49% | still updating |
| WFC | three days earlier | +0.85% | final price |
| WFC | five days earlier | -1.63% | final price |
| XLF | that day | -0.40% | still updating |
| XLF | three days earlier | -0.61% | final price |
| XLF | five days earlier | -1.74% | final price |
Congressional trades in the stocks in this story
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 58 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Laurel Lee sold Bank Of America (BAC) (held by a spouse), worth $50,001 - $100,000 on 24 Aug 2026. That is 74 days before publication. Filed 16 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 63 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 63 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 71 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 42 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a dependent child), worth $15,001 - $50,000 on 17 Sep 2026. That is 50 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a dependent child), worth $1,001 - $15,000 on 15 Sep 2026. That is 52 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Citigroup (C), worth $1,001 - $15,000 on 24 Sep 2026. That is 43 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Citigroup (C) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 63 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100Price not final
“These three stars need to align before investors rush back into stocks, Bank of America strategist says” scores 12 out of 100. The score uses 1 sources. The price is not final yet.