
Bank of America CEO Brian Moynihan has expressed optimism about the company's financial outlook, highlighting favorable regulatory conditions under the Trump administration. During a recent Goldman Sachs conference, Moynihan noted that U.S. consumers are in good shape, with a full mergers and acquisitions pipeline and an improving IPO market. He projected the bank's fourth-quarter net interest income (NII) to be approximately $14.3 billion, with expectations for record trading results. Additionally, he indicated that wealth management fees are expected to rise by 20% year-over-year, while investment banking fees could increase by 25%. Moynihan also mentioned that loan growth is running at 4-4.5%, led by commercial lending. This positive sentiment among CEOs is echoed in a Business Roundtable study, which found that many executives are welcoming the president-elect's economic announcements.

Bank of America inches higher after touting better-than-expected Q4 net interest income https://t.co/eiEzFaFm0a https://t.co/ODslt79Zi7
Trump administration sparks optimism among CEOs, most expect sales growth 👉 A Business Roundtable study showed that top U.S. executives welcome the president-elect's economic announcements with open arms. https://t.co/7n7fYvOCmL https://t.co/WQs5EDWHuA
$BAC BofA CEO says confident in NII, will keep growing throughout next year CEO sees Q4 NII around $14.3BSees sequential growth in NII in 2025. Sees investment banking fees up 25% y/y. Sees record Q4 for trading.