BofA CEO Moynihan: People Are Still Adjusting to Brexit

The video discusses the unexpected outcome of Brexit and its effects on businesses and financial markets. Initially, there was surprise and a need for adjustment, with uncertainty about future rules. Businesses are cautious, waiting for clarity before making significant changes. The financial markets experienced volatility, benefiting big banks' earnings temporarily. However, the sustainability of this boost is questioned, as stability in the markets is what truly drives earnings.

What are some of the adjustments clients are making in response to Brexit?

How has the uncertainty surrounding Brexit affected business plans?

What scenarios are businesses considering in light of the unknown rules post-Brexit?

In what ways did volatility impact the earnings of big banks?

What factors contributed to the stability in the markets during the quarter?