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Fixed income trading disappoints but Wall Street bankers are riding a capital markets rebound

Investment Banking Editor

Bank of America's dealmaking fees jumped 35% in the first quarter, following Wall Street rivals with a surge in capital markets revenue despite muted performance in fixed income trading.

The US bank posted $1.6bn in investment banking fees during the first quarter, up by 35%, as revenue from its equity underwriting unit more than doubled to $363m for the period.

Bank of America’s dealmaking unit jumps 35% on capital markets gains

Paul Clarke

Banking

Finance

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