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Bank of America posts drop in quarterly profit as dealmaking slumps

Wall Street investment bankers, who were neck-deep in deals last year, have seen activity slump in the first half of 2022 amid volatility in the capital markets, geopolitical tensions

Topics
Bank of America | Wall Street | investment bankers

Reuters 



Photo: Bloomberg
Photo: Bloomberg

Corp reported a drop in second-quarter profit on Monday, hit by a slump in investment banking revenue as underwriting activity stood at a fraction of last year's record levels.

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First Published: Mon, July 18 2022. 17:12 IST

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