
Closing Bell: Bank of America CEO on Earnings, Wells Fargo CFO Weighs In, Defense Downgrade 1/13/23
Closing Bell
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Bank of America, BlackRock, JP Morgan, Wells Fargo - A Great Day for Investment Banking
Bank of America CEO Brian Moynihan says he has a sense when the pain and investment banking, those fees, would be bottoming. If we really are at the bottom, then that would bode well for his bank, but Morgan Stanley, Goldman Sachs that rely more on investment banking. BlackRock shares up a little bit; JP Morgan, City Bank of America, Wells Fargo all trading higher.
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