Bank Of America CEO Says Middle Market Investment Banking Growing At Double Digit Pace; Says Loan Demand Is Okay, Not Falling
Portfolio Pulse from Benzinga Newsdesk
Bank of America CEO reports that middle market investment banking is experiencing double-digit growth, while loan demand remains stable. This was discussed at the Barclays 22nd Annual Global Financial Services Conference.
September 10, 2024 | 5:23 pm
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POSITIVE IMPACT
Bank of America is seeing strong growth in its middle market investment banking segment, with double-digit increases, and stable loan demand.
The CEO's statement about double-digit growth in middle market investment banking suggests a positive outlook for Bank of America's revenue in this segment. Stable loan demand further supports a steady financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100