Online reports that Bank of America investor activity has slowed since the beginning of the year as customers become increasingly uncertain about the path the new Trump administration will take. Jim DeMare, head of the company's global markets division, said uncertainty has increased significantly as markets try to assess the new government's initial actions, especially the impact the tariff proposal may have on asset prices. "Customer trading activity is now lower than at the beginning of the year, and also compared to the end of the fourth quarter last year. People are waiting for more information to further adjust their portfolios." He added that although some client activity slowed, it was likely to be a "good quarter" for Bank of America traders. The group's revenue hit a record high last year.