UPDATE 1-Bank of America’s push to turn around investment bank is bearing fruit

Bank of America Corp said on Monday its deal-making unit is gaining momentum with midsized companies as it focuses on the sector to regain market share. Revenue from the middle market grew by 17% in the first seven months of the year. For the third quarter the bank estimated overall investment banking revenue to be up in the low single digits.

source https://finance.yahoo.com/news/1-bank-americas-push-turn-222746101.html?.tsrc=rss

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.