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Bank of America highlights a slowing but steady economy; sees soft landing

Bank of America is facing a mountain of unrealized losses on its hold-to-maturity portfolio but its quarterly numbers were good today. Shares of BAC are up 1.7% in the pre-market.For us, what's more important is the broader economy and Bank of America has an incredible amount of insight into what consumers are doing. Here is how CEO Brian Moynihan summed it up: Just a quick note on what we see in the economy. Our team of economists predicts a soft landing. With a trough in the middle of next ye...
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Posted: Oct 17 2023, 13:04
Author Name: forexlive
Views: 082466