((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
Feb. 27 – **Bank of America BAC.N shares climb 1.7% to $34.18
** At a conference, Aron Levine, president of BAC’s preferred banking services, said deposit trends have been better than expected so far compared to pre-pandemic levels
** Deposits, a crucial source of funding for lenders, have been blacklisted in recent months as banks scramble to stop customers fleeing to other high-yield alternatives
** On average, BAC customers had 24% more in their checking accounts and 16% more in their savings accounts than in 2019, Levine said
** Since the start of the year, BAC shares have fallen 0.2% at the last close