Bank of America traders fall short of rivals as revenue forecast missed

Bank of America Corp.’s traders didn’t seize on the markets boon that lifted rival banks in the third quarter.
 

Revenue from trading rose 3.6% to $3.34 billion, falling short of the $3.5 billion that analysts had forecast. While JPMorgan Chase & Co. and Citigroup Inc. each posted jumps of at least 17% at their trading desks, Bank of America’s small increase wasn’t enough to boost overall revenue as the bank’s consumer unit saw a 17% slide.
 

Wall Street trading desks have benefited from active markets during the pandemic, and those results have propped up lending units that are grappling with