Partly due to continued hang over from the Fed indicating their stimulus will be tapered off. Also, regulators are talking about increasing another measure of capital that will require all the big banks, except for WFC, to build capital levels although BAC is in better shape than C and JPM. BAC also still has all these recent accusations still making news and, yes, rising interest rates tend to make people nervous if they're too rapid.
The new accusations are a big concern. Seems that BAC can't get anything right. The Hamp program sounds like a big problem, with potential for large class action damages and fines. I expect to hear from Elizabeth Warren on that one. The issue with incorrectly listing foreclosed homes as still active is harder to value, but is a big concern. What is wrong with the culture of BOA? You are going to get caught and then pay multiples of what you think you are saving, and do long term damage to your brand. I am disgusted.