BofA CEO says business outlook is brighter under Trump, expects surge in banking, trading revenue
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Bank of America CEO Brian Moynihan anticipates a positive business outlook under President-elect Donald Trump, expecting a surge in banking and trading revenue. Regulatory changes are expected to favor mergers and acquisitions, including among banks.
December 11, 2024 | 8:30 pm
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Bank of America CEO Brian Moynihan expects a positive impact on the bank's revenue due to anticipated regulatory changes under Trump, which may favor mergers and acquisitions.
The CEO's statement suggests that Bank of America could benefit from regulatory changes under Trump, potentially increasing banking and trading revenue. This is likely to positively impact BAC's stock price in the short term.
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