The bank’s brokerage profit in 57 trading days or 89% from the second quarter, down compared with the same period last year with a profit every day.
BoA based in Charlotte, North Carolina, said it was on Thursday (Friday pm) in a report to the regulator. The company is the second-largest U.S. lender after JPMorgan Chase & Co.
Chief Executive Officer Brian T. Moynihan, 53, boost trade to still achieve a profit as the cost of bad subprime mortgage division accumulate after buying Countrywide Financial Corp. In 2008.
Global markets division, overseen by co-Chief Operating Officer Thomas K. Montag, it helps the bank recorded a 63% increase in second quarterly revenue to U.S. $ 4.01 billion.
Advantage in the global markets division that does not include any adjustments that jumped 57% to U.S. $ 935 million, the bank said last month.
The increase in equity trading simply remove the 12% decline in revenue from fixed income, foreign exchange and commodity sales and trading.