Bank of America says it will invest more in trading arm

Bank of America CEO Brian Moynihan. — Bloomberg

NEW YORK: Bank of America Corp is putting more money and balance sheet resources behind its trading business, according to chief executive officer (CEO) Brian Moynihan.

“You are seeing much more stability” in sales and trading, with back-to-back quarters of more than US$1bil in profit, Moynihan said in a Bloomberg Television interview.

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BankOfAmerica , TradingBusiness , FinancialGrowth , InvestmentBanking , BrianMoynihan ,  StockTrading , RevenueForecast

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