off-the-wire

Bank of America expects markets business to post 13th quarter of revenue growth

Kitco Media
By Reuters
Published:
Updated:
Reuters
Bank of America expects markets business to post 13th quarter of revenue growth teaser image

NEW YORK, June 11 (Reuters) - Bank of America (BAC.N), opens new tab expects its markets business could post a 13th consecutive quarter of revenue growth and investment banking fees could hit up to $1.2 billion in the second quarter, CEO Brian Moynihan said on Wednesday.

"This quarter, we expect to grow mid-to-high single digits, 13th quarter in a row" for the markets business, he told investors at a conference.

Reporting by Saeed Azhar and Arasu Kannagi Basil

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