Bank of America Corp (NYSE:BAC) has just released its financial report for the second quarter of 2024.
The Global Markets segment posted net income of $1.4 billion, both including and excluding net DVA.
Global Markets’ Revenue amounted to $5.5 billion in the three months to end-June 2024, up 12% from the year-ago period, driven by higher sales and trading revenue and investment banking fees.
Sales and trading revenue was up 9% to $4.7 billion, including net debit valuation adjustment (DVA) losses of $1 million; Fixed Income, Currencies and Commodities (FICC) revenue grew 3% to $2.7 billion, and Equities revenue was up 20% to $1.9 billion.
Across…
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