Bank of America Sees Q2 Market Revenue Growth Above 15%
Bank of America expects to beat its 15 percent market revenue growth forecast this quarter. Strong performance in equities is driving the increased activity.
Insights:
Bank of America Co-President Jim DeMare said on June 9 midday that the bank may exceed its 15% revenue growth forecast for its markets business this quarter. This potential upside follows CEO Brian Moynihan’s previous 15% projection from last month. The update highlights a shift where equity trading is outpacing credit-related activity as the primary revenue driver.
