American investment banks become strong in the hiring of the Spanish Stock Exchange. Bank of America and JP Morgan increased their percentage share of trading volume for Spanish stocks in the first quarter. Up to 16.08% from 11.86% in 2021, in the case of BofA, and 5.56% from 4.58% in that of JPMorgan, according to the latest records of the National Securities Market Commission (CNMV).
The improvement achieved by BofA is related to its sales and trading platform and the increased activity in small and mid-caps, according to Jérôme Renard, head of Equity Capital Markets at Bank of America for the EU in dec