BofA Fourth-Quarter FICC Trading Revenue Misses Estimates

The transcript discusses the financial performance of Bank of America, focusing on a decline in interest income and fixed income trading falling below expectations. Despite this, equities trading performed well. The discussion also touches on market share dynamics with Citigroup and the big three banks. Additionally, the transcript highlights an increase in deposits and a conservative approach to risk management, comparing Bank of America with JP Morgan.

What was the percentage decline in interest income for Bank of America?

• 16%

• 25%

• 10%

• 20%

Which area of trading did Bank of America perform better than expected?

• Fixed income trading

• Equities trading

• Commodities trading

• Credit trading

Which banks are mentioned as potential competitors gaining market share?

• UBS and Credit Suisse

• Deutsche Bank and Barclays

• Wells Fargo and HSBC

• Goldman Sachs and Morgan Stanley

What is the significant increase in deposits for Bank of America?

• 200 billion

• 250 billion

• 300 billion

• 350 billion

Which bank is Bank of America competing with in terms of deposit levels?

• JP Morgan

• Wells Fargo

• Goldman Sachs

• Citigroup