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BANK OF AMERICA: A 'summer pain trade' is coming for investors with a rosy view of the global economy

Business Insider Friday, 13 July 2018 ()
BANK OF AMERICA: A 'summer pain trade' is coming for investors with a rosy view of the global economy· *Bank of America Merrill Lynch's Global Wealth & Investment Management clients are betting on higher economic growth and interest-rate increases that don't destabilize the stock market, the firm said in a note on Thursday. *
· *Michael Hartnett, the chief investment strategist, says these views will be challenged in the...
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News video: Bank Of America Posts Strong Quarterly Earnings Report

▶ Bank Of America Posts Strong Quarterly Earnings Report 00:37

According to Reuters, Bank of America is trading up after beating profit expectations. Their earnings reported showed that cuts to expenses and growth in loans and deposits led to increased revenue. The bank also reported that it's non-interest expense dropped by 5-percent over the second quarter of...

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