
Good morning. Bank of America’s latest earnings results offer insight into the sentiment of U.S. businesses on M&A in the coming year.
“The consumers are still spending, and our business clients are profitable and increasingly optimistic,” Bank of America CFO Alastair Borthwick said during a media call on Thursday preceding the Q4 earnings call. “Coupled with our fourth quarter return to operating leverage, we're entering 2025 with good momentum.”