Merrill Lynch set records for quarterly income, client balances and loans, a sign that the company’s momentum could continue into the third quarter as more advisors return to the office.

The spinning mill reported revenue of $ 4.3 billion, up 16% year-on-year. Merrill said the growth was due to charges on assets under management, deposits and loan balances. Bank of America’s overall wealth management revenue, which includes the wire house as well as a private bank, increased 14% to a record $ 5.1 billion, according to Bank of America. The…