Bank of America joins big bank peers in reporting rising profits

Bank of America (BAC) said on Wednesday that profits leaped 17% from a year ago. The country’s second-largest bank reported profits rose to $8.6 billion, or $1.11 per share, exceeding the $1.01 per share that analysts forecast. Net revenue rose 5% to $30.3 billion compared to $28.2 billion in the first quarter of 2025. Investment banking and trading revenue rose 21% and 13%, respectively. Bank of America CEO Brian Moynihan said in a statement that, during the first quarter, his bank "saw healthy clien ...

Bank of America joins big bank peers in reporting rising profits - Reportify