Bank of America delivers strong results! A rock in turbulent waters despite political headwinds!
Reading Time: 4 minutes
The banking sector has experienced tumultuous weeks. The political landscape in the USA has recently shaken the financial markets significantly. Particularly the announcement by Donald Trump to introduce a cap on credit card interest rates of 10% caused nervousness on Wall Street and sparked concerns about margins. However, the large institutions remained unfazed. A prime example of this stability is provided by Bank of America (BAC), which has now opened its books and demonstrated that a broadly diversified business model can withstand turbulent...
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