Bank of America’s structured product sales volume fell to US$701.62m in the third quarter of 2020 from US$874.2m during the same period a year prior, according to SRP data.
However, its issuance saw a 186% increase to 106 products, a significant uptick from the bank’s Q2 20 figure of 37 products and 12.7% compared to Q3 19 when the bank brought 94 products to market. All in all, the US bank has issued 259 products worth US$2 billion and lost its spot in the US top 10 issuer ranking with sales falling significantly compared to the previous year. With two months before the end of the year, Bank of America is US$1 billion short compared to the US$3 billion sale
Continue reading with a subscription to the SRP market intelligence platform.
Request DemoAlready a subscriber? Login