U.S. Bank (BAC.US) CEO Says Regulatory Changes Will Benefit Businesses and Acquisition Bank Stock Price Rises Very Reasonable

Brian Moynihan, chief executive of the U.S. Bank of America (BAC.US), said at the Goldman Sachs Financial Services Forum that he expects regulatory changes after Trump takes office as U.S. president to benefit corporate mergers and acquisitions, including the banking sector. He said regulatory changes will result in a merger and purchase agreement, and that the stock market is seeing more activity that will eventually spur new stock listings. He also said that the recent rise in bank stocks is very reasonable and the outlook for US interest rates and economic growth are positive factors. US Dollar's share price is up about 36% this year.

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