Issuance and sales of structured notes have helped the US bank deliver strong advisory and asset management results.
Bank of America issued a total of 173 structured products worth US$1.4 billion in the third quarter of 2021, according to SRP data. The figure represents a 97.3% increase from the same quarter a year prior, as well as a 122% increase from the previous quarter. As an issuer group, Bank of America’s issuance has steadily gained traction over the past year before stagnating with 106 products being churned out in Q3 20. This number increased to 187 by the beginning of 2021 and subsequently dr
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