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Bank Of America Signals Resilient US Economy As Profits Rise On Trading Strength

Bank
International Business Times Fews App News Provider
Fews App Post Time 17h ago

Brian Moynihan, CEO of Bank of America. Reuters Bank of America said the US economy continues to show resilience after reporting stronger-than-expected quarterly profits driven by a rebound in trading revenue, according to its first-quarter results released Wednesday. The bank's leadership pointed to stable consumer spending and steady credit quality across its lending book as key indicators that economic conditions have remained broadly supportive.

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