Advisory and DCM boost Bank of America
A sharp rise in advisory and debt underwriting revenues drove Bank of America’s investment banking in the third quarter, its results showed on Wednesday.
In the earnings call, Bank of America said the “particularly strong” advisory performance came amid the bank being involved in five of the top 10 transactions of the quarter.It was involved in M&A deals between Anadarko Petroleum and Occidental Petroleum, innorgy and E.ON, and First Data ...
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