Bank of America CEO: Federal Reserve should remain independent [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
"I think that our Federal Reserve, an independent central bank, is a good place to be," Moynihan said at Yahoo Finance's Invest conference on Tuesday. "I think he [Fed Chair Jerome Powell] has [done a good job]. I think he's done a good job of working through the system." Trump has been a vocal critic of Powell for years, hinting he would fire him if he won reelection. Powell said at the Fed's latest rate-setting meeting that he will not be forced out and that he legally can't be Moynihan added that he expects one more rate cut from the Fed this year, followed by four more cuts in 2025. Read more: What the Fed rate cut means for bank accounts, CDs, loans, and credit cards Bank of America stock has risen post-election amid hopes for a looser regulatory backdrop that spurs dealmaking and higher profits. Shares are up 9% in the past five trading sessions, according to Yahoo Finance data . Shares of rival banks JPMorgan ( JPM ) and Goldman Sachs ( GS ) are up 6% and 13%, respecti
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BAC
Earnings
- 10/15/24 - Beat
BAC
Sec Filings
- 11/13/24 - Form FWP
- 11/12/24 - Form 424B2
- 11/12/24 - Form 424B2
- BAC's page on the SEC website