Bank of America CEO Brian Moynihan provided a strong outlook for the fourth quarter of 2025. Moynihan anticipates revenue from markets and trading will increase by nearly 10%.

This forecast suggests robust performance in the bank’s trading operations. The division potentially signals a significant uptick in activity and profitability as the year closes.

In contrast, Moynihan indicated a subdued outlook for the investment banking division. Fees from M&A advisory services and underwriting activities are expected to be broadly flat. This suggests the deal-making environment remains stable but not expansionary.