Bank of America has observed a slowdown in investor activity since the beginning of 2025. This decrease in activity is partly attributed to uncertainty regarding the direction the President of the United States will take, especially concerning the proposed tariffs and their potential repercussions on asset prices.
Jim DeMare, the head of Bank of America's Global Markets Division, indicated that clients are showing increased insecurity and are waiting for more information before making adjustments to their portfolios. Although there has been a slowdown in activity from some clients, DeMare expects it to be a good quarter for the company's traders, given the record revenues achieved in 2024.
Regarding its investment plan for 2025, Bank of America has been allocating more resources to its trading business in recent years, allowing it to gain market share. DeMare has also taken on additional responsibilities, leading the bank's research operations since December.
During an investor summit in Dubai, DeMare expressed optimism about the company's performance and the region in general. Despite the uncertainty generated by the tariffs proposed by Trump, other companies such as Southern Copper and Nemak have expressed their concerns and are even considering moving part of their production to the United States if these tariffs are implemented.
