Merrill Wealth Management weathers stormy first quarter
Bank of America's wealth management business, which includes Merrill, saw a 3% year-over-year decline in revenue in Q1, as lower equity and fixed-income valuations hit asset management fees.
Bank of America's wealth management business, which includes Merrill Lynch, weathered a difficult first quarter with a 3% year-over-year decline in revenue, to $5.3 billion, as a result of the impact of lower equity and fixed-income market valuations on asset management fees, which was partially off
Learn more about reprints and licensing for this article.
