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Trading Revenues Boosted Banks’ Second-Quarter Earnings

Peter Barnes
Trading Revenues Boosted Banks’ Second-Quarter Earnings

The top five US banks’ (VFH) (XLF) trading (fixed income, currencies and commodities, and equities) revenues rose 10% in the second quarter to over $20 billion—compared to $18.55 billion in the same period the previous year. However, most of the banks’ trading gains were driven by equities.   Bank of America posted strong earnings growth