Brian Moynihan

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Brian Moynihan Manages To Exceed Expectations, Disappoint At Same Time

It’s been, all things considered, a rather remarkably good year for banks (even if it will prove rather less remarkably good for their employees). Morgan Stanley set a quarterly record. JPMorgan, too. Even Wells Fargo managed to post a Q4 profit, and while Citigroup didn’t, a 7% decline is practically a gain when the previous quarters have been 34% and 73% drops, and it handily beat Street expectations.