FinanceNewsAPI
BofA Stock Traders Notch Record Fueled by Momentum in Markets - Bloomberg.com
Overview
Bank of America traders posted the firm's highest quarterly revenue in more than a decade, with the stock-trading desk setting an all-time record as market volatility surged. The bank attributed the gains to heavy market movement that boosted client flow and trading volumes. Those results reflect broader market conditions this quarter — heightened geopolitical-driven volatility and concentrated short positions identified by BofA Securities likely amplified trading activity across major banks.
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ORGBloomberg.comORGBank of America Corp.ORGBofA
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