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BAML's trading desks benefit from Trump’s election surprise

Banking and markets chief Tom Montag expects a double digit increase in fourth-quarter trading revenues

BAML's trading desks benefit from Trump’s election surprise
Photo: iStockPhoto

The surprise election of Donald Trump has been a boon for Wall Street’s trading desks.

Tom Montag, who runs Bank of America's global banking and markets units, said on November 15 that the bank had clocked its biggest day ever by volume on both the New York Stock Exchange and Japan's Nikkei on Wednesday, November 9, the day after Trump's election.

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