From Yahoo Finance: 2025-04-15 06:48:00

Bank of America’s profit increased in the first quarter, driven by market volatility boosting trading fees. Trading revenue rose 9%, with a 17% increase in equities trading. JPMorgan Chase and Goldman Sachs also reported stronger trading performance. Net interest income grew 3% to $14.4 billion. Investment banking fees fell 3% to $1.5 billion. Earnings were $7.4 billion, or 90 cents per share, up from $6.7 billion, or 76 cents per share, a year earlier. CEO Brian Moynihan remains optimistic about the bank’s future despite fears sparked by new tariffs. U.S. M&A activity fell 13% in the first quarter.



Read more at Yahoo Finance: Bank of America’s first-quarter profit rises on trading strength