06:46 AM EDT, 06/12/2025 (MT Newswires) -- Bank of America ( BAC ) expects Q2 investment banking fees to decrease roughly 25%, Bloomberg News reported, citing Chief Executive Brian Moynihan.

The company sees Q2 investment banking unit revenue at approximately $1.2 billion, Moynihan reportedly said. Estimates compiled by Bloomberg indicate a $1.5 billion figure, according to the report.

Bank of America ( BAC ) expects the projected drop to be offset by another quarter of year-over-year growth in its trading business, Bloomberg reported, citing Moynihan.

The company didn't immediately respond to MT Newswires' request for comment.

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