financetom
Business
financetom
/
Business
/
Bank of America expects markets business to post 13th quarter of revenue growth
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Bank of America expects markets business to post 13th quarter of revenue growth
Jun 11, 2025 8:47 AM

NEW YORK, June 11 (Reuters) - Bank of America ( BAC )

expects its markets business could post a 13th consecutive

quarter of revenue growth and investment banking fees could hit

up to $1.2 billion in the second quarter, CEO Brian Moynihan

said on Wednesday.

"This quarter, we expect to grow mid-to-high single digits,

13th quarter in a row" for the markets business, he told

investors at a conference.

(Reporting by Saeed Azhar and Arasu Kannagi Basil)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Mitsubishi plans to invest $27 billion over next 3 years to drive growth
Mitsubishi plans to invest $27 billion over next 3 years to drive growth
Apr 2, 2025
TOKYO, April 3 (Reuters) - Japanese trading house Mitsubishi Corp ( MSBHF ) said on Thursday it planned to invest at least 4 trillion yen ($27 billion) over the next three years to drive growth and aimed to lift its net profit to 1.2 trillion yen in the 2027/28 financial year. Unveiling its new three-year management strategy starting this month,...
PRESS DIGEST- Wall Street Journal - April 3
PRESS DIGEST- Wall Street Journal - April 3
Apr 2, 2025
April 3 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Mark Zuckerberg is lobbying U.S. President Donald Trump and White House officials to agree to a settlement that would prevent Meta Platforms ( META ) from facing an antitrust trial later...
Nintendo Switch 2 to launch in June with $449.99 price tag
Nintendo Switch 2 to launch in June with $449.99 price tag
Apr 2, 2025
TOKYO (Reuters) -Nintendo ( NTDOF ) said it will launch its Switch 2 gaming device on June 5, with the long-anticipated successor to its hit hybrid home-portable Switch retailing for $449.99. The Kyoto based-company on Wednesday announced more details about the Switch 2 after a reveal in January. Analysts expect a smooth transition to the new device, which has upgraded...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved