Bank Of America Extends Reach With Trump Accounts And Auto Finance Deal
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Bank of America (NYSE:BAC) and JPMorgan announced matching contributions to new government sponsored "Trump accounts" for American children. "Trump accounts" are described as tax advantaged investment vehicles intended to support long term savings starting in childhood. Bank of America also extended its multi year partnership with Volvo Car Financial Services, focused on auto financing. For you as an investor, these moves sit at the intersection of retail banking, wealth management, and...
📄 Summary
Bank of America (NYSE:BAC) and JPMorgan announced matching contributions to new government sponsored "Trump accounts" for American children. "Trump accounts" are described as tax advantaged investment vehicles intended to support long term savings starting in childhood. Bank of America also extended its multi year partnership with Volvo Car Financial Services, focused on auto financing. For you as an investor, these moves sit at the intersection of retail banking, wealth management, and...