Bank of America CEO expects 15% growth in trading revenue Q2
بنك أوف أمريكا
Bank of America Corp BAC | 0.00 |
NEW YORK, May 27 (Reuters) - Bank of America BAC.N expects trading revenue to jump 15% in the second quarter from a year ago when the market was hit by the volatility from higher U.S. tariffs, its CEO Brian Moynihan said on Wednesday.
"Got to be careful year over year. You got to remember last year was liberation quarter, so some of these numbers will look big," Moynihan told a financial conference.
He said investment banking is in "pretty good shape" and wealth management revenue is expected to be in the low teens from a year earlier.
