Bullish Traders Pile Into Rising Market Stocks, Says Bank Of America Survey
Before I cross the decision to Paul to evaluation the fourth quarter, I wish to hit a number of factors. First, I need to provide some brief commentary on 2020 for the full 12 months, then talk about what we see in the economy as we enter 2021. Good day, everybody, and welcome to today’s Bank of America fourth-quarter earnings bulletins conference call. At this time, all members are on a hear-solely mode. Later you will have the opportunity to ask questions during the query-and-answer session. Please observe, today’s name is being recorded and it is now my pleasure to turn the convention over to Lee McEntire.
It bore the brunt of income disruption from interest rates, buyer exercise, and fee waivers, reserve building impacted provision expense and expenses elevated for PPP programs and safety of associates and customers. In Q4 compared to Q3, revenue, bills, and provision all improved. Let me provide you with a snapshot of what we see in our buyer information that helps some of our views for growth. On Slide 5, excuse me, Slide 3, you can see the patron payments.
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I would use a lack of round $200 million per quarter with a bigger loss in the fourth quarter. That’s a significant sort of tailwind if — if mortgage-again — if mortgage rates increase. I could in all probability offer you some sense of how much, what percent of the development is from that. But I do not — I just don’t have it off the top of my head. I perceive you’re asking — I understand you are asking for the dollar quantity and I’m not — I’m not going to provide the greenback amount.
Page 1 Of 2 Bank Of America
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