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

June 1, 2023
Bank of America CEO sees investment banking and trading staying flat in Q2
FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City

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)

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