Bank of America Sees Trading Rise 15% and Flags 200-300 Basis Points of Operating Leverage
Updated
Updated · TheStreet · May 27
Bank of America Sees Trading Rise 15% and Flags 200-300 Basis Points of Operating Leverage
4 articles · Updated · TheStreet · May 27
Brian Moynihan told investors Bank of America expects about 15% year-over-year trading growth this quarter, with wealth management up in the low teens and investment banking in solid shape.
The update also pointed to stronger profitability: Moynihan said the bank feels good about net interest income after lifting its full-year growth range to 6%-8% from 5%-7%.
On costs, he said Bank of America should deliver 200 to 300 basis points of operating leverage in 2026, extending management's earlier guidance for more than 200 basis points.
Moynihan said customers remain active and the key risk signal is labor-market deterioration, with businesses still hiring cautiously rather than pulling back sharply.
The CEO boasts of growth while quietly slowing hiring. What potential economic downturn does the bank see ahead?
With record profits and buybacks, is Bank of America signaling confidence or a concerning lack of real growth opportunities?
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