US EditionBank of America tops analysts’ estimates on better-than-expected interest income, trading
- Bank of America reported a net income of $7.4 billion for the first quarter of 2025, higher than $6.7 billion a year earlier, indicating strong financial performance.
- The bank's trading revenue rose 9%, with equities trading reaching a record $2.2 billion, according to the report.
- Bank of America emphasized a focus on responsible growth despite potential economic changes.
- Consumer spending remained healthy, while there was a decline in banking fees and concerns in investment banking.
51 Articles
51 Articles
Consumer Spending Buoyant in Run-up to Tariffs, Big Banks Say
Tariffs schmariffs. They’re laughing all the way to the bank. Bank of America and Citigroup joined other Wall Street lenders Tuesday in reporting much better-than-expected earnings in the first three months of the year. Like Goldman Sachs and JPMorgan before them, they can thank a boom in stock-trading: Revenue from that business rose 17% to a record $2.2 billion at BofA and 23% to $1.5 billion at Citi. That’s great news for the street, but the …
Bank of America Shares Rise on Stronger-Than-Expected Results
News Analysis Bank of America joined JPMorgan Chase & Co. and Goldman Sachs to report another great quarter. Revenues and earnings were led higher by robust trading and retail consumer banking income, helped by market volatility, lower interest rate expense, and a well-diversified business portfolio built over the last three decades. On April 15, the Charlotte, North Carolina-based financial giant reported a net income of $7.4 billion for the fi…
(April 15, 2025.)- Bank of America and Citigroup announced this Tuesday that consumer spending increased slightly in the first quarter, when concerns about White House tariffs and the fear of a possible economic recession began to surface, as highlighted by EFE. For their part, JPMorgan Chase also announced last week an increase in spending with credit and debit cards. However, for the future, the largest bank in the United States, JPMorgan Chas…
Bank of America CEO Says Consumer Continues To Spend And Maintain Healthy Credit Quality, Sticks To Annual Outlook - Bank of America (NYSE:BAC)
Bank of America reported strong Q1 earnings, with net income of $7.4B and EPS of $0.90, beating analyst estimates. Revenue and net interest income also increased. Stock has declined 17% this year, but may see relief due to US-China tariff pause.
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