Wall Street job cuts loom as market turmoil stalls deals [BNN Bloomberg (Canada)]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: BNN Bloomberg
U.S. President Donald Trump's threats to impose tariffs on trading partners have roiled markets, weighed on capital markets activity and raised the risk of an economic slowdown. The turmoil has taken some of the shine off Wall Street expectations that deals would pick up this year under a business-friendly administration. Wall Street banks including JPMorgan JPM.N and Bank of America have already begun annual culls targeting underperforming employees, while Goldman Sachs GS.N and Morgan Stanley are planning to lay off staff in the coming weeks. If deals do not recover in the coming months, other major banks and boutiques will be forced to reevaluate their workforces, analysts and recruiters warned. “There's an expectation that investment banking pickup is delayed, not dead,” said Mike Mayo, a banking analyst at Wells Fargo. “But if we're having this discussion in the middle of the summer, that could be a different story. If the revenues aren't coming in, then employees bear the
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BAC
Earnings
- 10/15/25 - Beat
BAC
Sec Filings
- 12/18/25 - Form 424B2
- 12/18/25 - Form FWP
- 12/18/25 - Form FWP
- BAC's page on the SEC website