Bank of America Corp is seen to significantly benefit from higher interest rates and lighter regulations. From a recorded loss in June, BAC has been recovering with its stock up 20% for the year.
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The analyst at Keefe, Bruyette & Woods believed the breakup would increase shareholders value by 57%. However, Citigroup has asked its shareholders to vote against the too-big-to-fail proposal.
Morgan Stanley, JPMorgan Chase and Goldman Sachs were the top-three beneficiaries in equity trading revenues during the second quarter of 2015.
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