BofA presents at Deutsche conference


Still scratching their heads over why M&A activity has been so subdued over the past few years despite attractive pricing, low interest rates, and improved balance sheets, Bank of America (BAC +3.1%) management expects the resurgence thus far in 2014 to continue, says head of Global Corporate & Investment Banking Christian Meissner, presenting at the Deutsche conference.

Presentation slides and webcast

The number of announced global M&A deals above $5B in deal value announced thus far this year is 42 vs. 18 over the same time frame in 2013, 21 in 2012, and 32 in 2011. As for BofA's market share, it's had a piece of 22 of those 42 deals this year, or 52%. Its share of deals over the previous 5 years was less than 10%.

The Q&A starts in a few mintues

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