Reported about 22 hours ago
Morgan Stanley and Bank of America reported impressive fourth-quarter earnings, more than doubling their profits due to a surge in dealmaking. Mac Syke from Gabelli Funds noted a favorable banking environment with a normalized rate curve and easier regulations, while consumer activity remained robust. Despite Bank of America's trading underperformance compared to peers, Syke emphasized future growth in net interest income from legacy investment repricing.
Source: YAHOO