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BofA CEO Boosts Outlook, 15% Trading Rise, Zelle Tops Venmo

5/28/2026

25 5 Full Breakdown

Summary

Story summary

Bank of America CEO Brian Moynihan said the bank expects 200-300 basis points of operating leverage this year and raised its net interest income outlook to a six-to-eight range.
He reported a 15% year-over-year increase in trading revenue.
He noted that Zelle payments now exceed those of Venmo.
TheStreet Pro Portfolio held long positions in Bank of America, Axon and Applied Materials.

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Story summary

Bank of America CEO Brian Moynihan said the bank expects 200-300 basis points of operating leverage this year and raised its net interest income outlook to a six-to-eight range.
He reported a 15% year-over-year increase in trading revenue.
He noted that Zelle payments now exceed those of Venmo.
TheStreet Pro Portfolio held long positions in Bank of America, Axon and Applied Materials.