What to Expect From Goldman Sachs, BofA Under Trump

The transcript discusses the weak quarter experienced by financial institutions, particularly Goldman Sachs, due to soft macro products and potential company-specific issues. It compares Goldman Sachs with Bank of America, highlighting differences in balance sheet strategies and interest rate sensitivity. The discussion also covers market trends, risks, and valuation concerns post-election, as well as the loan growth cycle and capital markets. Finally, it examines Morgan Stanley's strategic shift towards wealth management and its impact on revenue balance.

What are the implications of a steeper yield curve for Bank of America?

What concerns were raised regarding loan growth and corporate optimism?