Bank of America CFO has surprising response to recession concerns

The banking giant has an unexpected outlook on the future of the economy.

Apr 16, 2025 - 01:17
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Bank of America CFO has surprising response to recession concerns

Bank of America (BAC) has finally addressed what’s on the minds of many consumers across the country.

When President Donald Trump announced “Liberation Day” tariffs on multiple countries on April 2, the U.S. stock market lost roughly $3.1 trillion in market value the following day, its largest decrease since March 2020.