Bank of America (BAC) CEO feels good about markets and IB
Newsquawk Staff ·
Bank of America (BAC) CEO feels good about markets and IB.
What it means
The positive sentiment expressed by Bank of America’s CEO regarding the markets and investment banking suggests confidence in upcoming performance and demand in these sectors. This may indicate a constructive outlook for the banking and broader equity sectors, potentially supporting valuations and investor sentiment in the US and EU sessions.
- JPMorgan Chase (JPM) reportedly faces an additional GBP 100-150mln tax bill following the UK government's decision to double the corporation tax surcharge on banks, potentially jeopardising plans for its new London headquarters, Sky News reports
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- US Broker Moves: ENPH and DYN downgraded at Oppenheimer; FFIV downgraded at Piper Sandler
- JPMorgan’s (JPM) 270 Park Avenue headquarters in Manhattan is estimated to cost approximately USD 6bln, WSJ reports
- Santander (SAN SM) Q3 (EUR) net 3.43bln (exp. 3.41bln), rev. 16.0bln (prev. 15.3bln Y/Y)
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