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Bank of America dealmaking fees rise 18% despite M&A slide

Investment Banking Editor

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Bank of America’s dealmaking fees rose 18% in the third quarter even as revenue from M&A transactions declined. 

The Wall Street bank brought in $1.4bn in investment banking fees during the third quarter, which was up by 18% and ahead of predictions.

The bank’s chief executive said in September that investment banking revenue would be flat

Paul Clarke

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