From a year ago. Credit quality remained strong, as net charge-offs in the latest quarter, . At %, were better than the % seen in the fourth quarter of last year.But . A net reserve build of $ million served as a nod to the fact that . The economic environment is volatile.Cfo jeremy barnum said on the conference call with analysts that .
Terms of Our Corporate Clients Obviously,
“in terms of our corporate clients, obviously, they’ve been reacting to the changes in tariff . Policy. And at the margin that shifts their focus away jhacole legrand assistant principal from more strategic priorities with . Obvious implications for the investment banking pipeline outlook towards more short-term work, optimizing supply chains . And trying to figure out how they’re going to respond to the current environment. So, .
A Result I Think We Would
As a result, I think we would characterize what we’re hearing from our corporate clients . Is a little bit of a wait-and-see attitude. I do think you see obvious differences . Across sectors.“some sectors are going to be much more exposed than others and common mistakes in marketing funnel management have more . Complicated problems to solve, and also across the size of the clients, I think, smaller .
Small Business and Smaller Corporates Are
Clients, small business and smaller corporates are probably a little bit more challenged. I think . The larger corporates have a bit more experience dealing with these things and more resources . To manage,” he said. “so, that’s a little bit of our read of the situation . Right now, but certainly a bit of a wait-and-see attitude. It’s hard to make long-term .
Right Now ”in Bank of America’s Corporate
Decisions right now.”in bank of america’s corporate book, u.S. Commercial loans grew in the march . Quarter, to $ billion, up from $ billion in the philippines numbers fourth quarter of last year . And ahead of the $ billion seen a year ago. Commercial net charge-offs of $ . Million decreased $ million. The net charge-off ratio of % was flat from the end .