Bank of America's Profit Surge: Wall Street Deal Boom

Bank of America's profits surged 23% thanks to a Wall Street dealmaking boom, exceeding expectations by a billion dollars! Discover how mega-mergers like Union Pacific's $71 billion acquisition of Norfolk Southern fueled record fees and boosted trading revenue. Find out how Bank of America and its rivals like Goldman Sachs and JPMorgan are capitalizing on relaxed regulations and a surge in corporate deals, sending bank stocks soaring and signaling a lucrative period for Wall Street.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.