Bank of America Corp (NYSE:BAC) has just released its financial report for the third quarter of 2024.
The Global Markets segment registered net income of $1.5 billion, higher than in the preceding quarter and the year-ago quarter.
Global Markets revenue was $5.6 billion, up 14% from the year-ago quarter, driven by higher sales and trading revenue and investment banking fees.
Sales and trading revenue of $4.9 billion increased 12% (incl. and ex. net DVA).
FICC revenue increased 8% (incl. and ex. net DVA), to $2.9 billion, supported primarily by improved client activity and trading performance in currencies and interest rate products.Equities revenue increased 18% (incl. and ex. net DVA), to $2.0 billion, on the back of strong client activity and trading performance in cash…
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