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BofA’s Trading Unit Falls Short of Rivals During Bumper Year Bloomberg 1/19/2021 Lananh Nguyen (Bloomberg) -- Bank of America Corp.’s traders had a good year -- but not as good as their rivals. Popular Searches Revenue from sales and trading rose 7% to $3.06 billion in the fourth quarter, missing analysts’ $3.15 billion forecast. The division, helmed by Jim DeMare, was boosted by equities but saw a weaker trading performance in fixed income, currencies and commodities, driven by macro products and mortgages, the bank said in a statement. Competitors JPMorgan Chase & Co...

BofA’s Trading Unit Falls Short of Rivals During Bumper Year Bloomberg 1/19/2021 Lananh Nguyen (Bloomberg) -- Bank of America Corp.’s traders had a good year -- but not as good as their rivals. Popular Searches Revenue from sales and trading rose 7% to $3.06 billion in the fourth quarter, missing analysts’ $3.15 billion forecast. The division, helmed by Jim DeMare, was boosted by equities but saw a weaker trading performance in fixed income, currencies and commodities, driven by macro products and mortgages, the bank said in a statement. Competitors JPMorgan Chase & Co...