BofA Sees Investment-Banking Fees Little Changed This Quarter

Bank of America Corp.’s investment-banking fees will be little changed this quarter from a year ago and up roughly 4% for all of 2025 as Wall Street sees a return of dealmaking.

“It’s largely deal flows and timing and stuff, so we feel good about that,” Chief Executive Officer Brian Moynihan said Wednesday at the Goldman Sachs Group Inc. financial-services conference. The firm’s sales and trading business is on track to be up close to 10% compared with last year’s fourth quarter, he said.

Brian Moynihan

Photographer: Chris J. Ratcliffe/Bloomberg

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