Bank CEOs See Banner Year for Wall Street Units on Trading Surge
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Wall Street’s banner year looks like it’ll go out on a high note, even as the global pandemic rages.
The heads of the two largest U.S. lenders, JPMorgan Chase & Co. and Bank of America Corp., told investors that their investment-banking and trading divisions would notch a strong performance in the fourth quarter as economic activity stayed fairly resilient in the face of the coronavirus outbreak.