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Bank of America’s Trading Income Likely to Decline Sequentially

Andrew Brunton
Bank of America’s Trading Income Likely to Decline Sequentially

After a robust performance in the first quarter of 2018, US banks have witnessed weaker equity trading activity, which has hurt their trading income. Bank of America’s (BAC) trading activity is expected to fall sequentially in the third quarter of 2018 due to soft equity trading offset by slightly higher debt trading.