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Money Trees
Wall Street harvested a bumper crop in Q4.
The last of the big American banks reported Thursday, and the results were favorable. BofA beat where it counted, and in some other places besides, while Morgan Stanley's traders took advantage of what Sharon Yeshaya described as "a lot of activity" in and around the US election.
At the house of Moynihan, NII of $14.36 billion ($14.5 billion with the FTE adjustment) topped the $14.12 billion ($14.34 billion) consensus, rising 3% YoY in the process.
I have heard of money trees, but never actually seen one. Great picture !