Bank of America CEO expects 10% to 15% jump in investment banking fees in Q2-March 2024-www.financetom.com

Bank of America CEO expects 10% to 15% jump in investment banking fees in Q2

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Bank of America CEO expects 10% to 15% jump in investment banking fees in Q2

May 30, 2024 9:25 AM

NEW YORK, May 30 (Reuters) - Bank of America ( BAC ) CEO

Brian Moynihan said on Thursday investment banking fees are

expected to rise 10% to 15% in the second quarter from a year

earlier.

Trading revenue is expected to grow at a low single-digit

percentage in the current quarter, with a strong performance in

equities offset by broadly flat revenue in fixed income, he told

investors at a conference.

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