Benefiting from market fluctuations, Bank of America's stock trading business achieved record performance in the second quarter. Its investment banking business is also benefiting from a resurgence in deal matching activities. The company said in a statement that stock trading revenue surged 70% to 3.6 billion US dollars in the second quarter, exceeding expectations; fixed income trading revenue increased nearly 9% to 3.5 billion US dollars, which was also higher than analysts' general expectations. This marks a record for the first half of the year's sales and trading department, which the bank has been seeking to strengthen in recent years. The overall strength of the financial market has also helped drive a recovery in deal matching activities. Bank of America's investment banking revenue reached $2.2 billion, exceeding analysts' average estimate of $1.91 billion compiled by Bloomberg News. M&A advisory costs jumped nearly 68% to $558 million. “In the short term, business reserves are still strong, and commercial borrowing has picked up,” CEO Brian Moynihan said in a statement. Strong performance in trading and investment banking boosted overall profits, reaching $1.21 per diluted share, exceeding analysts' expectations of $1.12.

Benefiting from market fluctuations, Bank of America's stock trading business achieved record performance in the second quarter. Its investment banking business is also benefiting from a resurgence in deal matching activities. The company said in a statement that stock trading revenue surged 70% to 3.6 billion US dollars in the second quarter, exceeding expectations; fixed income trading revenue increased nearly 9% to 3.5 billion US dollars, which was also higher than analysts' general expectations. This marks a record for the first half of the year's sales and trading department, which the bank has been seeking to strengthen in recent years. The overall strength of the financial market has also helped drive a recovery in deal matching activities. Bank of America's investment banking revenue reached $2.2 billion, exceeding analysts' average estimate of $1.91 billion compiled by Bloomberg News. M&A advisory costs jumped nearly 68% to $558 million. “In the short term, business reserves are still strong, and commercial borrowing has picked up,” CEO Brian Moynihan said in a statement. Strong performance in trading and investment banking boosted overall profits, reaching $1.21 per diluted share, exceeding analysts' expectations of $1.12.