9. INDUSTRY, INNOVATION, AND INFRASTRUCTURE

Bank of America CEO sees investment banking and trading staying flat in Q2

3 years ago
by Amanda
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Written by Amanda



NEW YORK, June 1 (Reuters) – Bank of America Corp (BAC.N) expects investment banking fees and trading revenues to be broadly flat this quarter, its CEO, Brian Moynihan, told investors at a conference on Thursday.

The second-largest U.S. bank posted investment banking fees of $1.1 billon in the second quarter last year.

Loan growth will probably remain flat, Moynihan said.

Reporting by Saeed Azhar and Lananh Nguyen; Editing by Leslie Adler

Our Standards: The Thomson Reuters Trust Principles.

Source: reuters.com

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Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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