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(This story was generated using AI and automation, please see disclaimer ) Overview US bank's preliminary Q3 revenue rose 2% yr/yr but missed analyst expectations Company repurchased $2.5 bln of common stock in Q3 Outlook Company says economic uncertainty persists and consumer sentiment remains mixed Wells Fargo notes
Bank of America's investment bank has been under pressure from rivals The investment bank has dropped a notch on the league tables and has lost a number of executives Top investment bank executives convened a meeting in August to reassure staff The bank says it is focused on bringing in new senior bankers By Svea Herbs
The report says Bank of America leaders faced the prospect of veteran banker Amy Lissauer joining JPMorgan Chase; she was considering the move. The headline also cites continued hiring and ambition.