_1777294237270_124456903.png&w=64&q=75){kind=small}
Bank of America forecasts Wall Street slowdown
Bank of America expects Wall Street unit to experience a decline in advisory and trading activities in the coming months, following a strong performance in the second quarter. Investment banking fees are expected to decrease by more than 10% in the third quarter compared to last year, while trading revenues will remain almost steady. This hints that the surge in capital market activities driven by artificial intelligence may be beginning to slow down, with the bank's shares continuing to fall by 5% after the CEO's statements.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)