Our strong fee performance was led by a 14% improvement in asset management fees in our wealth management businesses. We grew investment banking fees 29% year over year and saw sales and trading revenue increase 7%. Global markets had its ninth consecutive quarter of year-over-year growth in ...
Bank of America was recently fined for "double-dipping" on fees charged to clients and withholding credit card rewards.(Spencer Platt/Getty Images / Getty Images) In another surprise bright spot, the bank's sales and trading revenue outperformed expectations to post a 3% increase in revenue to...
Bank of America Corporation company earnings calendar and analyst expectations - Upcoming and past events | Nyse: BAC | Nyse
Bank of America's (BAC) second-quarter profit dropped as higher deposit costs pushed its interest income lower, but the results beat analysts' estimates, boosted by investment banking and trading. Shares climbed more than 4% after BofA also forecast bett
Bank of America Group Performance: Bank of America’s group operating revenue increased by a certain percentage in Q1 2024 compared to Q4 2023. Higher investment banking and asset management fees drove the revenue growth. This was coupled with sales and trading revenue. The group’s fee-based ...
2024 compared to the sameperiods in 2023.The increases in both periods were primarily driven by higherinvestments in people and revenue-related compensation,partially offset by lower litigation expense.The increase in the six-month period alsoincluded the ad 87、ditional accrual of$700 million for ...
Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The com...
Why don't we walk through segment by segment? Maybe we could start with sales and trading, because revenue there was up by about 3 percent. What's happening? BRIAN MOYNIHAN: Well, Becky, it's good to be here. And we will see you next w...
Like other large banks, BofA benefited froma rebound in dealsand other Wall Street activity. Fees from investment banking rose 29 per cent in the quarter from a year ago. Revenue from sales and trading was up 7 per cent from a year ago, its ninth consecutive quarterly increase, and it be...
Bank of America on Thursday reported better than expected fourth-quarter profits, joining other US banks in benefiting from a robust period of dealmaking and trading but also outperforming rivals on loan growth. BofAmore than doubled its net profits from the same period in 2023, to $6.7bn. T...