Bank of America CEO sees investment banking and trading staying flat in Q2
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FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri
NEW YORK (Reuters) - Bank of America Corp expects investment banking fees and trading revenues to be broadly flat this quarter, its CEO, Brian Moynihan, told investors at a conference on Thursday.
The second-largest U.S. bank posted investment banking fees of $1.1 billon in the second quarter last year.
Loan growth will probably remain flat, Moynihan said.
(Reporting by Saeed Azhar and Lananh Nguyen; Editing by Leslie Adler)
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