Bank of America CEO believes economy is strong despite risks and exceeded Q1 earnings

From Yahoo Finance: 2025-04-15 11:57:00

Bank of America CEO Brian Moynihan believes the economy is still strong despite mounting risks. The bank exceeded first-quarter earnings estimates, alongside other big banks benefitting from trading revenue gains. Moynihan expressed concerns about increased recession odds but remains optimistic due to healthy consumer and business data. Business clients also ended the quarter in good shape.

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