Bank earnings this year have been buoyed by strong sales and trading performance.The team, which was overhauled in 2020, has produced record revenues in the first half of 2022.
Within trading, BofA's performance received a jolt from an unexpected area: the firm's foreign exchange and emerging market trading group, a longtime laggard in the bank's fixed-income trading division and among its peers. Trading volumes across a variety Wall Street business lines have surged this year as a result of heightenedGlobal FX volumes are up 11% in 2022 compared with 2021, and pockets of the business like FX options and FX exotics have seen volumes surge between 33% to 100%, according to Dominic Clover, head of markets at research firm BCG Expand, leading to a"very strong increase in FX revenues for theCitigroup, Goldman Sachs, and JPMorgan each cited strength from macro trading in earnings calls,...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of America posts revenue beat despite quarterly earnings missBank of America's second quarter profit fell to $6.2 billion, or 73 cents per diluted share, compared to $9.2 billion, or $1.03 per share, during the same period a year ago.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Bank of America Is Set to Report Second-Quarter Earnings — Here's What the Street ExpectsBank of America, led by CEO Brian Moynihan since 2010, had enjoyed tailwinds as rising interest rates and a rebound in loan growth boost income. So how many homes these crooks have stolen or helped the other crooks to steal? NO shame in still keeping these fraudster CEOs? BankofAmerica jpmorgan jpmorgan emo_jamie_dimon mellodyhobson
Source: NBCDFW - 🏆 288. / 63 Read more »
BAC Stock Earnings: Bank of America misses on top and bottom linesBank of America (BAC) stock is buoyant in Monday's premarket as investors bet on a second quarter earnings beat, which is expected to be released befo
Source: FXStreetNews - 🏆 14. / 72 Read more »
S&P 500 Recovery, Goldman Sachs, Bank of America EarningsDespite the volatile FX action with the USD breaking out to fresh record highs and US inflation rising to a whopping 9.1%, prompting markets to shift towards a 100bps hike. Get your market update from JMcQueenFX here:
Source: DailyFX - 🏆 305. / 63 Read more »