Bank of America: Customers adopt a wait-and-see attitude amid Trump's uncertainty
Investor activity at Bank of America has slowed down since the beginning of this year due to increasing uncertainty among clients about the direction that Trump's new administration will take. Jim DeMare, head of the company's global markets division, said that uncertainty has greatly increased as the market tries to assess the initial actions of the new government, especially potential impacts on asset prices from tariff proposals. "Compared with earlier this year, client trading activity is now reduced and it is also true compared to late fourth quarter last year. People are waiting for more information in order to further adjust their investment portfolios," he added. Despite some slowdown in client activity, he noted that it could still be a "decent quarter" for Bank of America traders. The group achieved record revenues last year.
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