BofA's statement on Trump uncertainty

US-based financial giant Bank of America (BofA) announced that investors will start trading less as of the beginning of 2025. The bank's global markets manager, Jim DeMare, stated that investors are avoiding major portfolio changes, especially due to uncertainties about tariffs and US administration policies.

MANY INVESTORS ARE ON HOLD DUE TO UNCERTAINTY

Jim DeMare, president of BofA’s global markets division, said in an interview with Bloomberg Television that investor activity has slowed compared to the last quarter of last year. “Our clients have been trading less since the beginning of the year. Given the uncertainty, many investors are waiting for more data before making major changes to their portfolios,” DeMare said.

NEW CUSTOMS TARIFFS RISK FACTOR

DeMare stated that the new customs tariffs that the US plans to implement are an important risk factor for investors, and that this situation affects market dynamics and causes investors to act more cautiously.

Despite all these developments, DeMare said he expects a strong quarter for the bank's trading division, recalling that Bank of America achieved record revenue last year. DeMare said that uncertainties will continue to affect market movements, but that markets could regain momentum once investors have a clearer roadmap for the future.