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Wall Street’s Views on Bank of America amid Trade Tension

Robert Karr
Wall Street’s Views on Bank of America amid Trade Tension

Banks (XLF) have had a great run since 2016, thanks to rate hikes boosting their net interest income and diversified growth from trading and asset management income. However, credit offtake could be a major concern amid rising rates this year. Analysts are positive on banks, expecting higher interest income and revived trading and investment banking.