Salem Radio Network News Saturday, September 23, 2023


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

NEW YORK (Reuters) – Bank of America Corp 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)


Editorial Cartoons

View More »

Bob Gorrell
Tue, Sep 12, 2023