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Blessed are the policymakers

18 July 2017 By Antony Currie

The $236 bln U.S. lender’s $4.9 bln of Q2 profit beat estimates as retail, wealth management and investment banking all did the best in years. CEO Brian Moynihan is also keeping costs down. Yet return on equity is stuck in single digits. Only help from the Fed can change that.

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