"A wider interest rate spread would come in handy because not all is well in banking land. Yesterday, Citigroup CFO John Gerspach, warned that trading revenue could fall 5% in the current quarter.
Moynihan’s slide deck shows that investment banking fees at BofA in Q2 2015 were lower than in both Q2 2014 and 2013. Sales and trading revenues were also lower in Q2 this year than in both prior years. Moynihan said that revenue from trading bonds, currencies, and commodities would be down this quarter as well.
Meanwhile, according to the presentation, BofA’s global average loan losses are rising. That’s not a good combination."