Bank of America CEO sees investment banking and trading staying flat in Q2
3:17 pm Thursday, June 01st, 2023
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)
