Stocks rally on big bank earnings 10/17/22
Power Lunch
00:00
Bank of America - Is the Requirement to Buy Back Shares Going Down?
Brian Moynihan: We are originating strong credit and we'll continue to do that. David Conrad: I think the Fed has raised rates so quickly, you'd expect a meaningful downturn in economy next year. He says Bank of America can weather that; they've done an excellent job de-risking since financial crisis. And then some momentum getting from net interest income may turn into a headwind as we work through next year.
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