Closing Bell: Bank of America CEO on Earnings, Wells Fargo CFO Weighs In, Defense Downgrade 1/13/23
Closing Bell
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IPOs, M&A, and the Bank of America Franchise?
Brian Moynihan: We've got to get through the debate that you and I are having early about where rates go, and we're going to have a deeper session versus a mild recession. But at the end of the day, this is why we have this great balanced franchise. Our markets business just had capital in global markets. The best quarter, fourth quarter they've had since Maryland Bank of America came together in 2009. And then finally, Brian, what about loan growth? coming off of a pretty strong year for 2022. What is the outlook for 23? Well, we basically think it moves back to where we typically have grown loans, sort of a mid-signal digit growth
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