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Bank of America Notes Rise in Short Selling
Bank’s liabilities climb as short sellers stake out positions.
October 30, 2021
Bank of America’s (BAC) total liabilities increased $266.3 billion from December 31, 2020 to $2.8 trillion, in large part because of the well documented increase in deposits fueled by pandemic related government stimulus. In its latest 10-Q, Bank of America also attributed the increase in liabilities to a rise in short selling activity:
“...an increase in trading account liabilities resulting from higher levels of short positions in Global Markets…”
Related: JPM, WFC, GS, MS, RF, TFC, FITB, CFG, HBAN,
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