Overview

• Bank of America posted a Q1 profit of $7.4 billion, up from $6.7 billion a year ago, exceeding expectations.
• Earnings per share reached 90 cents, surpassing the projected 82 cents, with total revenue boosted by trading activity.
• Market volatility linked to tariff policy uncertainty drove a 9% increase in trading revenue, including a 17% rise in equities trading.
• Despite strong earnings, Bank of America's stock remains under pressure, having fallen over 16% this year due to recession concerns.
• Peer banks like JPMorgan Chase and Goldman Sachs also reported stronger trading results, reflecting broader industry trends.