Daniel Pinto

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BofA trading revenue on track for small rise

Brian Moynihan

Bank of America’s second-quarter trading revenue is on track to rise by “mid-single digits,” Chief Executive Officer Brian Moynihan said Thursday, following optimistic comments a day earlier from JPMorgan.

JPMorgan to cut $2.8bn in costs

Jamie Dimon

JPMorgan, the world’s biggest investment bank, lowered its target for returns at that business and plans to cut $2.8bn in costs because higher capital requirements are crimping profit.

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Brian Moynihan

BofA trading revenue on track for small rise

Bank of America’s second-quarter trading revenue is on track to rise by “mid-single digits,” Chief Executive Officer Brian Moynihan said Thursday, following optimistic comments a day earlier from JPMorgan.