Quartz·2 min read·medium
Bank of America's profit soared as stock traders hit a record and dealmakers rebounded
✦AI Summary
Bank of America reported a significant increase in profits, driven by record-breaking equities trading revenue and a rebound in investment banking fees. The bank's performance reflects a broader trend of increased activity in financial markets.
The bank's equities trading revenue jumped 70% to $3.6 billion, a record, while investment banking fees climbed 50% from a year earlier
businesseconomy
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