(Bloomberg) — Bank of America Corp.’s traders bounced back with their peers.Trading revenue climbed 13% to $2.86 billion, beating analysts’ $2.76 billion estimate, helped by fixed income, currencies and commodities activity. The fourth-quarter results echo those of JPMorgan Chase & Co., which posted a record performance in bond trading Tuesday, and Citigroup Inc., where debt trading jumped by more than double what analysts had forecast.“Our results continue to reflect the strength of the U.S. consumer in the biggest economy in the world,” Chief Executive Officer Brian Moynihan said on a conference call with analysts Wednesday. “This quarter is also one …read more
Source:: Yahoo Finance
