BofA Equity Traders Post Record Quarter on Market Volatility
Bank of America Corp.’s traders notched the highest quarterly revenue in more than a decade, as revenue from equity trading climbed 30% to $2.8 billion in the first quarter.
Fixed-income trading fell short of a consensus of analyst estimates.
Dani Burger reports on Bloomberg Television (Source: Bloomberg)
Bank of America beats estimates
- Bank of America beat profit estimates as trading, investment banking shine CTV News —
- Earnings Snapshot: Bank of America tops Q1 estimates; NII hits $15.7B beating forecasts Seeking Alpha —
- Bank of America profit rises as trading shines RTE —
- Bank of America first-quarter profit rises on strong trading, investment banking The Globe and Mail —
- Bank of America Q1 earnings beat, driven by strong fees, net interest income Seeking Alpha —