BofA update shows where active managers are putting money
Investing.com -- Bank of America (NYSE:BAC) CEO Brian Moynihan addressed several key economic and regulatory issues during a CNBC interview on Tuesday.
Moynihan emphasized that regulations surrounding the banking industry have influenced market developments, calling for more balanced rules in the sector. He also expressed agreement with President Trump on the issue of debanking, stating that Trump is focused on the "right" concern.
On the economic front, Moynihan shared that Bank of America economists continue to forecast no recession. He noted that consumers are maintaining their spending habits and credit quality remains strong.
The CEO mentioned that middle-market companies are seeking clarity regarding potential tariffs, indicating business concerns about trade policy uncertainty.
Regarding capital markets, Moynihan stated that initial public offerings are currently "going through the system," suggesting ongoing activity in the IPO market despite broader economic concerns.
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