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Bank of America CEO: The Trump administration should be able to address the financial deficit issue, not very worried about inflation worsening.
Gelonghui November 13th | Bank of America CEO Brian Moynihan hopes that the new government led by President-elect Trump can address the fiscal deficit issue. After Trump's victory, the market sold off US Treasury bonds because of concerns that Trump's proposed tax cuts and tariff increases could worsen the fiscal deficit. Moynihan stated at a seminar that the United States should handle the fiscal deficit better, but it does not mean the situation has become a serious problem. He believes that as a second-term re-elected president, Trump should be able to better handle the fiscal deficit issue, and is not very concerned about the worsening inflation in the United States. He also hinted that he has not joined the Trump government.
Express News | Bank of America expects Trump's corporate tax cuts to contribute 4% EPS to the s&p 500 index stocks.
Bank of America Options Spot-On: On November 12th, 159.19K Contracts Were Traded, With 3.31 Million Open Interest
On November 12th ET, $Bank of America(BAC.US)$ had active options trading, with a total trading volume of 159.19K options for the day, of which put options accounted for 41.75% of the total
Unusual Options Activity: OLLI, MSM and Others Attract Market Bets, OLLI V/OI Ratio Reaches 389.3
EST Nov 12th Closing Delivery - In the last three hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options
Express News | The Federal Reserve's third-quarter survey showed that compared to the second quarter, Bank of America's demand for commercial and industrial credit for businesses of all sizes in the United States weakened.
Express News | When asked if he had received a call to serve the new government, the CEO of bank of america said, "I have a great job."