Commercial banking revenues were billion in the latest quarter, down slightly from a year ago, . Tied to commercial real estate. Middle market banking revenues were just under billion, down very . Slightly from the fourth quarter and up million from a year ago. Credit quality remained . Strong, as net charge-offs in the latest quarter, at , were better than the seen . In the fourth quarter of last year.But a net reserve build of million served as .
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A nod to the fact that the economic environment is volatile.Cfo jeremy barnum said on . The conference call with analysts that “in terms albania phone number data of our corporate clients, obviously, they’ve been . Reacting to the changes in tariff policy. And at the margin that shifts their focus . Away from more strategic priorities with obvious implications for the investment banking pipeline outlook towards . More short-term work, optimizing supply chains and trying to figure out how they’re going to .
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Respond to the current environment. So, as a result, I think we would characterize what . We’re hearing from our corporate clients is a little bit of a wait-and-see attitude. I . Do think you see obvious differences across sectors.“some sectors how is your company’s organic presence on google? are going to be much more . Exposed than others and have more complicated problems to solve, and also across the size . Of the clients, I think, smaller clients, small business and smaller corporates are probably a .
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Little bit more challenged. I think the larger corporates have a bit more experience dealing . With these things and more resources to manage,” he said. “so, that’s a little bit . Of our read of the situation right now, but certainly a bit of a powder data wait-and-see . Attitude. It’s hard to make long-term decisions right now.”in bank of america’s corporate book, u.S. . Commercial loans grew in the march quarter, to billion, up from billion in the fourth .
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Quarter of last year and ahead of the billion seen a year ago. Commercial net . Charge-offs of million decreased million. The net charge-off ratio of was flat from the end . Of the year.Ceo brian moynihan said during the call that “we’re the largest small business . Lender in the united states. By quite a bit. And those loans are growing.”wells fargo . Cfo mike santomassimo indicated to analysts that “in the commercial bank, it was mostly a .