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'Y'all Street' is booming: What financial giants like Goldman Sachs and Bank of America are building in Texas

1. Financial institutions are expanding operations in Texas due to favorable conditions. 2. Bank of America plans a new Dallas campus expected by 2027. 3. Low taxes and light regulations attract major financial players to Texas. 4. Goldman Sachs is investing $500 million in a Dallas campus for 5,000 employees. 5. JPMorgan's Texas workforce growth showcases the rising trend among financial firms.

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FAQ

Why Bullish?

The expansion indicates strong future growth potential. For instance, JPMorgan's doubling of staff mirrors broader industry trends.

How important is it?

Expansion in business-friendly states suggests future revenue growth, positively influencing BAC's stock performance.

Why Long Term?

The anticipated growth from expansions will impact BAC positively as these projects are long-term.

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