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Bank of America CEO: Expect two more Fed hikes this year

Brian Moynihan also hails more predictable earnings at the bank since the start of 2015

Brian Moynihan, chief executive officer of Bank of America
Brian Moynihan, chief executive officer of Bank of America Photo: Getty Images

Bank of America reported “knock out” earnings on Tuesday, which have helped the stock gain 3.5% this week. On Thursday, its CEO Brian Moynihan met with Barron's to talk through the earnings, the economy and what interest rate action he expects from the Federal Reserve in 2017.

Under the circumstances, you might expect Moynihan to take a victory lap, but no dice.

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