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Industry News & TrendsMerrill Earnings Strongest Since Bank of America TakeoverMerrill Earnings Strongest Since Bank of America Takeover
Bank of America’s Global Wealth and Investment Management (GWIM) division, which includes Merrill Lynch, reported its highest earnings since Bank of America’s takeover of Merrill in late 2008, as asset management and brokerage fees rose. Client assets, advisor headcount and advisor productivity all improved in the quarter.
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