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Bank of America: Customers are holding a wait-and-see attitude amid Trump's uncertainty

GoldenOctober2024

2025-02-25 11:36:51

TRUMP6.30%

On February 25, Jin10 Data reported that investor activity at Bank of America has slowed since the beginning of this year as clients become increasingly uncertain about the direction the new Trump administration will take. Jim DeMare, head of the company's global markets division, stated that uncertainty has significantly increased as the market attempts to assess the initial actions of the new administration, particularly the impact that tariff proposals may have on asset prices. "Compared to the beginning of this year, client trading activity has decreased, as it has since the end of the fourth quarter last year. People are waiting for more information to further adjust their investment portfolios," he added. He also noted that despite some slowdown in client activity, it is likely to be a "decent quarter" for Bank of America's traders. The group set a record high in revenue last year.

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