Bank of America (BAC) is seeing a pickup in investment-banking fees this quarter as the pace of deals quickens from the first half’s sluggish performance, according to corporate and investment-banking head Christian Meissner.
His comments offer a preview of third-quarter results for the unit, which includes mergers advice as well as stock and bond underwriting. In the first half, Bank of America’s investment-banking fees fell by 11% from a year earlier to $1.44 billion.
