December 5, 2017 / 4:15 PM / a year ago

Bank of America CEO says fourth-quarter trading is down 15 percent

FILE PHOTO: Bank of America CEO Brian Moynihan looks on during the White House summit on cybersecurity and consumer protection in Palo Alto, California February 13, 2015. REUTERS/Robert Galbraith/File Photo - RC17D2CA83C0

(Reuters) - Trading revenues at Bank of America Corp are on track the be 15 percent lower in the fourth quarter than they were a year ago, Chief Executive Officer Brian Moynihan said during a question and answer session at an industry conference Tuesday.

Moynihan, who touched on a range of topics, added that there is ‘no question’ tax reform will boost corporate spending.

Reporting by Dan Freed in New YorkEditing by Chizu Nomiyama

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