Cathy Bessant, Bank of America Vice Chair Global Strategy, joins Yahoo Finance’s Julie Hyman to discuss Bank of America’s company outlook, technology in the financial services industry, philosophy behind hiring, and diversity efforts.
Shares of Bank of America (NYSE: BAC) and Citigroup (NYSE: C) were trading nearly 4% higher in the final hour of trading Thursday as the broader market rallied from what has been a difficult few weeks. Like a lot of the market, bank stocks got hit hard on the news about China Evergrande Group (OTC: EGRN.F), and on fears over what the property developer's situation could mean for the Chinese real estate market, which has gotten quite frothy. For that reason, bank stocks have struggled in recent days.
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