Bank of America Corporation (NYSE:BAC) reported mixed fourth-quarter financial results at the end of last week and saw its quarterly revenue fall 10% year-over-year. CEO Brian Moynihan shared his outlook for 2024 following the print.
What To Expect In 2024: In a CNBC interview Tuesday at the World Economic Forum in Davos, Switzerland, Moynihan said businesses have become more cautious amid higher interest rates and an anticipated economic slowdown, but he predicted that as the financial environment stabilizes, demand for commercial loans will recover.
The Bank of America CEO also downplayed the risk of ...