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Bank CEOs express confidence in deals, consumer finances
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Bank CEOs express confidence in deals, consumer finances
Nov 13, 2024 1:12 PM

NEW YORK, Nov 13 (Reuters) - U.S. bank CEOs expressed

confidence in the dealmaking outlook and the health of U.S.

consumers at an industry conference in New York on Wednesday.

Bank of America's ( BAC ) buildup of advisory work on upcoming

mergers and acquisitions is strong, while its pipelines for

initial public offerings "are full and ready to go," CEO Brian

Moynihan told attendees.

Meanwhile, KeyCorp ( KEY ) CEO Christopher Gorman noted consumers

have 30% more money in their bank accounts today than they did

before the pandemic, signaling "the economy is in good shape."

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