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.

AASTOCKSDec 12 09:14

"Person of the Year" Trump rings the opening bell at the NYSE, emphasizing that "the stock market is everything."

On December 12, the elected President Trump was named Time Magazine's Person of the Year for 2024, ringing the opening bell at the NYSE that day; Trump rang the bell with the CEO of ICE and the CEO of Time Magazine, along with the president of the NYSE, while the CEOs of companies such as Goldman Sachs and Citigroup were present; Trump promised an "unprecedented economy," planned to increase oil drilling to reduce inflation, and committed to lowering the corporate tax rate to 15%.

cls.cn13minutes ago

Bank Stocks Slip After CFPB Finalizes Overdraft Fee Rule

Seeking Alpha05:00

'Crypto Hippie' Financial Advisor Calls Stocks 'Dinosaur Bones' — But Likes Some ETFs

Benzinga03:54

Netflix Stock Hit Over $900. A Split Is in the Cards.

Barrons03:18

Big Banks Will Get Bigger Under Trump In 2025: Analyst

BenzingaDec 12 23:32