Bank of America expects markets business to post 13th quarter of revenue growth
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Bank of America expects markets business to post 13th quarter of revenue growth
Bank of America (BAC.N) expects its markets business could post a 13th consecutive quarter of revenue growth. Investment banking fees could hit up to $1.2 billion in the second quarter, CEO Brian Moynihan said.
Item 1 of 2 A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri/ File Photo
NEW YORK, June 11 (Reuters) – Bank of America (BAC.N) , opens new tab 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.
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Reporting by Saeed Azhar and Arasu Kannagi Basil
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