Bank of America’s equities trading profits cratered. Its explanation for why may have revealed how much of a killing it made on a monster trade last year.

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Bank of America’s equities trading profits cratered. Its explanation for why may have revealed how much of a killing it made on a monster trade last year.

Bank of America’s stock-trading business looked worse this quarter, and it may be in part due to a monster trade it did for Chinese billionaire last year.
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