Bank of America is on track to post higher third quarter revenues in its investment banking business compared to the second quarter, its investment banking head Christian Meissner said at an industry event earlier this month. However, the bank was gaining market share in most regions except for Asia Pacific, he said. In July, Chief Executive Officer Brian Moynihan announced a new expense target of $53 billion for 2018, $3.3 billion less than its total expenses over the past four quarters.