NEW YORK, May 27 (Reuters) – Bank of America expects trading revenue to jump 15% in the second quarter from a year ago when the market was hit by the volatility from higher U.S. tariffs, its CEO Brian Moynihan said on Wednesday.
“Got to be careful year over year. You got to remember last year was liberation quarter, so some of these numbers will look big,” Moynihan told a financial conference.
He said investment banking is in “pretty good shape” and wealth management revenue is expected to be in the low teens from a year earlier.
(Reporting by Saeed Azhar and Utkarsh Shetti)
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