Moynihan said Bank of America's research team has been consistent in calling for a mild downturn in light of the Fed's rate hikes.
Brian Moynihan, chief executive officer of Bank of America Corp., during a panel session on corporate ESG standards at the World Economic Forum in Davos, Switzerland, on Wednesday, Jan. 18, 2023.CEO Brian Moynihan said Tuesday he sees only a slight recession hitting the U.S. as consumers remain in solid shape.
Moynihan said that Bank of America's research team has been consistent in calling for a mild downturn in light of the Federal Reserve's aggressive rate hikes.nine times over the past year for a total of 4.75 percentage points, the fastest pace of tightening since the early 1980s. Moynihan took solace in a low unemployment rate and easing wage inflation, which should prevent the economy from tipping into a deep recession.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bank earnings ‘off to a good start,’ with Bank of America and Goldman Sachs on deckFirst-quarter earnings from the largest U.S. banks are off to a mostly positive beginning despite a tough start to the year for the sector, analysts said.
Leer más »
Bank of America stock up as it beats profit markBank of America Corp. stock rose about 3% in premarket trades after it posted stronger-than-expected first-quarter profit. Bank of America reported a 15%...
Leer más »
Bank Of America Stock Price Today | NYSE BAC Live Ticker - Investing.comView today's Bank of America Corp stock price and latest BAC news and analysis. Create real-time notifications to follow any changes in the live stock price.
Leer más »
Bank of America Sailed Through the Banking CrisisBank of America’s first-quarter earnings are out this morning. The Charlotte, N.C.-based bank is the nation’s second largest. Here are the highlights: Bank of America earned $8.16 billion, up 15% from $7.07 billion a [year earlier](https://www.wsj.com/articles/bank-of-americas-quarterly-profit-fa
Leer más »
S&P 500 futures rise after better-than-expected results from J&J, Bank of America: Live updatesTraders will watch the rollout of further results for signs into how companies are holding up amid a period of persistent inflation and rising interest rates.
Leer más »
Bank of America shares gain after first-quarter results top expectations on higher ratesEARNINGS: Bank of America reported Q1 earnings and revenue that topped expectations on the back of higher interest rates.
Leer más »