Bank Of America CEO Sees Investment Banking Revenue Of Nearly $1.2B In Q3, Roughly Same As Last Year; Sees Q3 Trading Revenue Up In The Low Single Digit Percentage Range Vs Last Year
Portfolio Pulse from Benzinga Newsdesk
Bank of America CEO anticipates Q3 investment banking revenue to be around $1.2 billion, similar to last year, and expects trading revenue to increase in the low single-digit percentage range compared to last year.
September 10, 2024 | 5:32 pm
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Bank of America expects Q3 investment banking revenue to remain stable at $1.2 billion, with a slight increase in trading revenue. This indicates steady performance in its core financial services.
The stable investment banking revenue and slight increase in trading revenue suggest a steady financial performance for Bank of America, which could positively influence investor sentiment and stock price.
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