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Bank of America's push to turn around investment bank is bearing fruit

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Bank of America Corp said on Monday its deal-making unit is gaining momentum wit...

FILE PHOTO: A Bank Of America sign is pictured in the Manhattan borough of New York August 21, 2014. REUTERS/Carlo Allegri

Revenue from the middle market grew by 17% in the first seven months of the year. For the third quarter the bank estimated overall investment banking revenue to be up in the low single digits. The bank is also working with a longer list of private equity firms, hedge funds and other financial sponsors.

 

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