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Story summary
- Brian Moynihan, Bank of America Chief Executive Officer, said on December 10 fourth-quarter market revenue should rise 8-10%.
- He added investment banking fees are expected to remain flat amid market volatility.
- Moynihan noted consumer spending is strong.
- He outlined stock buybacks and a 16-18% return on tangible common equity target.
- He declined to comment on a report regarding debanking practices among major banks.
