BofA CEO expects 15% jump in Q2 trading revenue
Reported by Reuters
Sentiment
Positive
Importance
8
Price
$51.975
Mkt Cap
$368.845B
52W Low
$43.295
52W High
$57.55
Market data snapshot near publication time
Summary
Bank of America's CEO projects a robust 15% increase in trading revenue for the second quarter. This positive outlook also includes expectations for low-teen growth in wealth management revenue and a strong performance in investment banking. The guidance suggests continued momentum following the company's strong first-quarter results reported in April and May.
At the time of this announcement, BAC was trading at $51.98 on NYSE in the Finance sector, with a market capitalization of approximately $368.8B. The 52-week trading range was $43.30 to $57.55. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.
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