BofA Shares Edge Higher After Bank Lifts Trading Revenue Forecast Above 15%
Bank of America shares rose 0.6% to $54.75 after Co-President Jim DeMare signaled Q2 markets revenue could top the prior 15% growth forecast, driven by equities trading, while a Justice Department subpoena over alleged “debanking” added regulatory risk; investors now await July 14 earnings to see if the upbeat trading outlook delivers.