Bank of America Q2 Results: Investment banking fees rises 7% to $1.2 billion; profit beats on boost from interest income
The bank reported a 7% rise in investment banking fees to $1.2 billion, driven by higher interest payments and leasing revenue, the company said. It also benefited from not booking mark-to-market losses on leveraged finance positions.”We continue to see a healthy U.S. economy that is growing at a slower pace, with a resilient job market,” CEO Brian Moynihan said in a statement, echoing omments from his peers
