Bank of America C.E.O. Sees Stagnation in Trading.

Posted by BankInfo on Wed, Dec 10 2014 09:43 am

Bank of America's chief executive, Brian T. Moynihan, suggested on Tuesday that the recent enhancement in conditions for Wall Street trading desks could have already discolored.

At a financial industry conference held by Goldman Sachs, Mr. Moynihan said that his bank was expecting trading revenue in the fourth quarter to be down from last quarter as well as from a year earlier.

The renovation in trading results in the 3rd quarter had actually been a comfort for stock and also bond trading desks, which have actually been struggling with light trading volume for some time.

Trading revenue at Bank of America rose 28 % from a year previously as well as helped the bank reveal some strong outcomes, similar to the results at other Wall Street firms.

Shares of Banking America were down 2 % in Tuesday early morning trading.

Posted in Banking, News

0 Comments

Add new comment