Bank of America CFO: Capital market activities have improved, expecting investment banking business to grow by up to 15% in Q1.

Bank of America expects a year-on-year increase of 10% to 15% in investment banking revenue in the first quarter. Citigroup and JPMorgan also anticipate a lower growth rate in investment banking expenses. The Chief Financial Officer of Bank of America mentioned an improvement in capital market activities, with the expectation of a strong performance in the market department driven by stock trading in the first quarter. The S&P 500 index has already risen by 6.9%. Citigroup and JPMorgan forecast a decline in market revenue and trading income. Bank of America's net interest income is expected to reach the upper limit of the projected range, between $13.9 billion and $14 billion in the first quarter. Net interest income in the fourth quarter decreased by 5%.