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Bank of America Exclusive: Boost in Trading Revenue Explained

Bank of America’s global markets unit saw an 8% increase in the third quarter, boosted by a renewed focus on its trading business.

Bank of America's unit generated $4.4 billion in revenue, with fixed income revenue rising 6% to $2.7 billion. Photo: Getty Images
Bank of America’s unit generated $4.4 billion in revenue, with fixed income revenue rising 6% to $2.7 billion. Photo: Getty Images

While the growth is smaller than Citigroup’s 14% increase, it outperformed JPMorgan, which saw market fees decline by 3%.

Under the leadership of Jim DeMare, president of the global markets unit, Bank of America is aiming to secure a top-three position in most fixed income products.

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