Bank of America chief executive Brian Moynihan said he expects trading activity to rise in the second quarter compared with a year ago.

Speaking at a financial investor conference on June 2, Moynihan said that trading in April and May had been "solid" after a first quarter that was disappointing across the industry. He said he expected trading revenue to rise by mid-single digits in the second quarter compared with the year-earlier period, with higher revenue in the bigger fixed-income trading division and lower revenue in the equities division.