Bank of America beat first-quarter profit estimates, driven by strong equities trading and a rebound in investment banking. Sales and trading revenue rose 13% to $6.4 billion, with equities trading hitting a record, while investment banking fees climbed 21%. Net profit increased nearly 17% to $8.6 billion, lifting shares about 1.6%.
The bank also saw steady net interest income and healthy client activity, signalling economic resilience despite market volatility. While dealmaking remained robust, IPO momentum stayed mixed, and the lender flagged cautious monitoring of risks, including exposure to the growing private credit market.