Bank of America’s markets division expects to achieve its 13th consecutive quarter of revenue growth according to CEO Brian Moynihan during his Wednesday announcement.
The current quarter will see a mid-to-high single-digit increase in markets business according to Moynihan during his investor conference presentation. The company expects investment banking fees to reach $1.2 billion during this period because capital-raising and dealmaking activities remain strong despite economic uncertainty.
The Wall Street banks have presented conservative revenue projections because trading volumes decreased while political instability intensified from President Trump’s aggressive trade and tax policies. The market shows increasing risk appetite which benefits Bank of America after its challenging beginning of the year.
The bank’s consistent revenue growth demonstrates how market volatility together with active deal flow generates trading and advisory fee income despite economic uncertainties caused by higher interest rates and tariff tensions.
