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Bank of America expects higher investment banking fees for third quarter

Credit: REUTERS/BOBBY YIP

September 09, 2019 — 03:59 pm EDT

Written by Reuters ->

Sept 9 (Reuters) - Bank of America Corp BAC.N said on Monday the bank expects third quarter investment banking fees to be up in the low single digits compared with last year.

Speaking at an investor conference, Chief Operating Officer Tom Montag also said fixed income trading revenue is down slightly while equities are up quarter-to-date.

(Reporting by Imani Moise Editing by Chris Reese)

((Imani.Moise@thomsonreuters.com; 646-223-6335;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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