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Bank of America CEO expects Q3 investment banking fees of $1.6B-$1.8B
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Bank of America CEO Brian Moynihan stated that the bank expects investment banking fees in the third quarter to be in the range of $1.6 billion to $1.8 billion. This forecast provides an early indication of the bank's performance in its investment banking division for the quarter. The statement was reported by financial news outlet Jin10. The figure represents a significant revenue stream for the bank and offers insight into dealmaking activity and market conditions during the period. The forecast is attributed directly to Moynihan and reflects the bank's internal projections.
Source report
Bank of America (BAC.N) CEO Brian Moynihan announced that the company expects investment banking fees to range between $1.6 billion and $1.8 billion in the third quarter.
Source
金十数据Neutral / independent
Part of this Story
Bank of America CEO forecasts Q3 investment banking fees down at least 10% year-over-year