Bank of America Eyes Q2 Market Revenue Surge

Equities trading is positioning Bank of America to outperform its initial 15% growth forecast for second-quarter market revenue. Co-President Jim DeMare noted that while credit spreads remain steady, a significant influx of activity within the bank’s equity division is driving performance beyond earlier expectations.

Jun 9, 18:14· Money Talk

Speaking at a Morgan Stanley financial services conference in New York, DeMare highlighted the shift in revenue drivers. The current momentum contrasts with the same period last year, when market volatility triggered by U.S. tariff policies hampered results.

CEO Brian Moynihan previously signaled a 15% jump in trading revenue compared to the prior year. With the equities business now acting as a primary catalyst, the bank appears poised to surpass that benchmark as the quarter concludes.

Bank of America Eyes Q2 Market Revenue Surge

Comments (0)