Wealth management bank recent trading data indicates wealth

Recent trading data indicates wealth management bank equities outperformed the S&P Financials by 0.6% in the last five sessions. Increased inflows into private wealth portfolios are expected to lift Q3 net interest margins by approximately 15 basis points. Market sentiment is leaning bullish, supported by strong balance sheets. In a statement, the bank elaborated that Rolland would manage the nationwide network of financial professionals within US Bank Wealth Management, USBI and USBA. [2] To invest, you must have at least $5 million in combined assets at Merrill and Bank of America OR over $10 million in investable assets (including assets outside of Merrill and Bank of America). For clients where Bank of America N.A. provides trust, fiduciary, and investment management services, the minimum is $20 million in combined assets at Merrill and Bank of America N.A. Wealth management bank equities are currently trading at a 2% discount to their six-month average earnings multiple, representing potential value for medium-term investors. Option market data shows increased bullish positioning in calls.