Bank of America: Clients on the sidelines amid Trump uncertainty
investor activity at Bank of America has slowed since the beginning of this year, as clients become increasingly uncertain about the direction of the new Trump administration. Jim DeMare, head of the company's global markets division, said that uncertainty has significantly increased as the market tries to assess the initial actions of the new government, especially the potential impact of tariff proposals on asset prices. "Compared to the beginning of this year, client trading activity has decreased, as it has also compared to the end of last year's fourth quarter. People are waiting for more information in order to further adjust their investment portfolios." He added that despite some slowing in client activity, this is likely to be a "good quarter" for Bank of America's traders. The group's revenue last year hit a record high.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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