BofA Sees 60% Jump in Commodities Trading Fueled by Oil and Gold
Bank of America Corp.’s commodities-trading revenue surged 60% in the first quarter, riding the wild market swings that pushed markets businesses at the biggest US banks to record highs.
BofA and Morgan Stanley trading wins
- Bank Earnings Clear Path for Stock Record Highs Bloomberg —
- While war in Iran fuels market swings, it is also driving profits on Wall Street trading desks AP News —
- Morgan Stanley traders see massive wins as Ted Pick-led bank posts record results NY Post —
- Morgan Stanley Brings High-Grade Bond Deal After Strong Earnings Bloomberg —
- BofA's trading desk avoided a single daily loss in Q1 amid market turmoil ABC News —