Bank of America releases profits in the first quarter

Bank of America Above the estimates for profits in the first quarter as the income grows from the interest, and the volatile markets helped their traders rakes in record.

As the markets flew around the tariff policy of President Donald Trump, Bofa brought 9% higher profits from trade, reflecting the trends observed in competitors.

“Although in the future we are potentially faced with the change in the economy, we believe that the disciplined investments we made for quality growth, our diverse set of enterprises and the tireless emphasis on the responsible growth will remain a source of force,” CEO Brian Mainikhan said.

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The chairman and CEO of the Bank of America Brian Mainihan performs during the “Morning” in Fox Business Network studios. (Photo by John Lambar / Getty Images / Getty Images)

The shares trading jumped $ 17% to a record of $ 2.2 billion, and fixed profits, currencies and goods jumped by 5% to $ 3.5 billion.

“These results received support The economy is growing at a moderate pace And the client’s concern about the trade policy and the recent upheaval of the market, “said Chief Financial Director Alaster Bortwick with journalists.

“However, our research team does not think at this point that we will see the recession, and our customers continue to show encouraging signs. The work is obviously healthy, and consumers are elastic.”

JPMorgan Chase and Goldman Sachs rivals also reported higher performance in their trading business.

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JPMorgan Chase CEO Jamie Dimon. (Al Drago / Bloomberg via Getty Images / Getty Images)

“As we saw with other banks, the results of the trade were a star show,” said Stephen Biggar, Argus Research Bank analyst.

“However, the collapse in M&A (mergers and absorptions) and IPO (initial public offer) the volume of the transaction may surprise the recovery of 2025, if the tariff ups are not resolved soon.”

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Bofu’s profit They amounted to $ 7.4 billion, or 90 cents per share, in the quarter ended on March 31, said on Tuesday. This is compared to $ 6.7 billion, or 76 cents per share, a year earlier.

Analysts expected a profit of 82 cents per share, estimated by LSEG.

BOFA’s profits amounted to $ 7.4 billion, or 90 cents per share, in the quarter, which ended on March 31. (Smith/Gado/Getty Images/Getty Images collection)

Supports NII’s forecast

The second -largest US lender’s pure income (NII) is the difference between the fact that it earns on loans and pays deposits – increased by 3% to $ 14.4 billion, which partially helped reduce deposit costs.

For the fourth quarter, it retained the NII forecast from $ 15.5 billion to $ 15.7 billion. Last year’s reduction rate helped to improve the mood among the borrowers, benefiting the banks such as Bofa, which predicted record interest income in 2025 before Trump introduced new tariffs.

The shares increased by 1.6% to $ 37.25 to the call. They fell 12.4% since the tariffs were presented earlier this month.

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Fears caused by tariffs are disturbed by investment bankers around the world, which has caused transactions that were once bullish in Trump’s politics to take on waiting and observation.

In the first quarter, the BOFA investment banking fee fell by 3% to $ 1.5 billion. In the first three months 2025, American m & a activity According to Dealogic, they decreased by 13%.

Credit loss provisions amounted to $ 1.5 billion, above $ 1.3 billion compared to a year earlier.