Bank of America shows improving price performance, earning an upgrade to its IBD Relative Strength Rating
Can 1995 happen again for the big banks? It might be a moonshot scenario for 2025 as the Fed contemplates rate cuts.
Bank of America Corporation (NYSE:BAC) shares are trading higher on Tuesday. The bank appointed two executives to spearhead a new initiative aimed at integrating its investment banking and wealth management divisions. The bank targets increased asset growth and deal opportunities, as reported Bloomberg. Jim Rourke and Michael Liu have been appointed to lead the newly named Private Client Partnership Development. Read: Bank Of America Makes Largest-Ever Investments In Carbon Capture, Bets $205M O