BofA Reports Strong Results Boosted By Record Equity Trading, Budgets 4 Rate Cuts It’s deja vu all over again. With bank earnings season coming to a rapid close, this morning we got results of the last 2 of the “Big 5”, when Bank of America and Citigroup both reported Q1 earnings, and we doubt it will surprise anyone that the pattern observed over the past few days remained the same: blowout equity trading revenues, offset by disappointing FICC, and slowing Investment banking advisory and underwriting. Taking a closer look at the bigger of the two, Bank of America joined JPM,… — Continue at ZeroHedge News : Read More
