Welcome. Why has your stock risen . Brian i like to take credit, but if you think about what the election has sparked, Interest Rates will go up, and they anticipate a better economy. The fed has been signaling it. It would be a surprise if it didnt, quite frankly, rates going up. But mostly, a view that regulation, even if it doesnt go backwards, will go forwards. That is good for a banks ability to turn capital. And its good for growth. At the end of the day, if capitalism succeeds, the economy grows, and banks facilitate that. Charlie will rising Interest Rates create a dramatic increase in your revenue . Brian its a significant amount of revenue increase. It has been a long time at low rates, and the Business Model does better at a little bit higher rate structure. From the consumer side, the rate structure is still very low and very accommodate of two economic activity. Just because the fed funds may be 25 basis points, thats extremely low in historical context. Charlie is the mar
Welcome. Why has your stock risen . Brian i like to take credit, but if you think about what the election has sparked, Interest Rates will go up, and they anticipate a better economy. The fed has been signaling it. It would be a surprise if it didnt, quite frankly, rates going up. But mostly, a view that regulation, even if it doesnt go backwards, will go forwards. That is good for a banks ability to turn capital. And its good for growth. At the end of the day, if capitalism succeeds, the economy grows, and banks facilitate that. Charlie will rising Interest Rates create a dramatic increase in your revenue . Brian its a significant amount of revenue increase. It has been a long time at low rates, and the Business Model does better at a little bit higher rate structure. From the consumer side, the rate structure is still very low and very accommodate of two economic activity. Just because the fed funds may be 25 basis points, thats extremely low in historical context. Charlie is the mar
The fact that the world never does what you want it to do, death. Other people generally. Institutional deficits, deficits with lawyers, deficits with doctors. Deficits with the law. Rose moynihan and loner began next. Longer began next. Funding for charlie rose is provided by the following and by bloomberg, a provider of multimedia news and Information Services worldwide. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Brian moynihan is here, is he chairman and c. E. O. Of bank of america it is the nations Second Largest Bank trailing only jpmorgan chase. Under his leadership the company has pivoted from the financial crisis following years of costly litigation. Bank of americas success continued to hinge largely on the fate of the. Is economy. Incoming Trump Administration has signaled it will roll back some financial regulations and pursue a massive progrowth agenda. Over the last month since the election, bank of america share pr
The fact that the world never does what you want it to do, death. Other people generally. Institutional deficits, deficits with lawyers, deficits with doctors. Deficits with the law. Rose moynihan and loner began next. Longer began next. Funding for charlie rose is provided by the following and by bloomberg, a provider of multimedia news and Information Services worldwide. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Brian moynihan is here, is he chairman and c. E. O. Of bank of america it is the nations Second Largest Bank trailing only jpmorgan chase. Under his leadership the company has pivoted from the financial crisis following years of costly litigation. Bank of americas success continued to hinge largely on the fate of the. Is economy. Incoming Trump Administration has signaled it will roll back some financial regulations and pursue a massive progrowth agenda. Over the last month since the election, bank of america share pr
Bankamericas share prices have risen more than 30 . I am pleased to have Brian Moynihan back at this table. Welcome. Many things to talk about. So why have your stock prices moved up 30 since the election . Brian i like to take credit, but if you think about what the election has sparked, Interest Rates will go up, and they anticipate a better economy. The fed has been signaling it. We will see. It would be a surprise if it didnt, quite frankly, rates going up. But mostly, a view that maybe regulation, even if it doesnt go backwards, will go forwards. And you will have a more balanced discussion. That is good for a banks ability to turn capital. And its good for growth. At the end of the day, if capitalism succeeds, the economy grows, and banks facilitate that. That is good for banking and the u. S. Will be particularly successful. As a bank. America charlie will rising Interest Rates create a dramatic increase in your revenue . Brian its a significant amount of revenue increase. It ha