Should Shareholders Worry About Bank of America's Trading Revenue?
For the second quarter in a row, universal banks expect to report lower trading-related revenue compared with the year-ago period.
Things could change between now and the end of the quarter, which wraps up on Sept. 30, but Bank of America's (NYSE: BAC) chief financial officer, Paul Donofrio, recently predicted that trading revenues will be down by around 15%.
A drop in any type of revenue isn't good news, but shareholders in the nation's second biggest bank by assets needn't be concerned by the trend.
Source: Fool.com
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