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BofA, Citi Wrap Up Another Quarter Of ‘God’s Work’
Big bank results have come and gone, and things went pretty well all things considered.
BofA and Ci
Credit losses seem high as a percent of revenues. And considering the sentiment – and reality of futre jobs – they look dangerous. Are they ready for negative GDP?
I can well believe BAC’s customers weren’t much affected by the 4/2 tariff shock during the Jan-Mar quarter 🙂
I also can believe that BAC is prepared for a downturn – it’s stress test assumptions are severe.
Doesn’t mean the stock will shrug off a downturn, but the big banks are probably among the less exposed groups.