Bank of America (BAC), Purdue Pharma (PRGO), and Occidental Petroleum (OC) each experienced notable movements in trading on January 14, 2026, reflecting divergent sector dynamics. BAC rose 1.8% on stronger-than-expected loan growth, while PRGO declined 3.2% amid regulatory scrutiny, and OC dipped 1.4% on lower crude oil forecasts.
- BAC rose 1.8% on 9.4% quarterly loan growth and improved credit metrics.
- PRGO declined 3.2% amid DOJ review of opioid settlement compliance.
- OC fell 1.4% as crude oil prices dropped to $74.30 per barrel.
- Loan originations in BAC’s commercial real estate and auto segments increased significantly.
- Global oil inventories rose by 2.1 million barrels in the latest week.
- Analysts now expect slower oil demand growth in early 2026.
Bank of America (BAC) climbed 1.8% to close at $43.27, driven by a 9.4% increase in quarterly loan originations, particularly in commercial real estate and auto financing. The performance marked the third consecutive week of gains, as analysts noted improved credit quality metrics and a 22% year-over-year reduction in non-performing assets. Purdue Pharma (PRGO) dropped 3.2% to $8.74, reversing gains from the prior session after the U.S. Department of Justice announced a new review into its opioid settlement compliance. The development raised concerns about potential financial penalties and delayed distribution of settlement funds, affecting investor confidence in the company's restructuring timeline. Occidental Petroleum (OC) fell 1.4% to $69.02, pressured by a 2.7% decline in West Texas Intermediate crude futures to $74.30 per barrel. The drop followed a report from the Energy Information Administration indicating that global oil inventories rose by 2.1 million barrels last week, exceeding expectations and dampening demand projections for Q1 2026.