Earnings Results
Fueled by growing deposits and a boost in sales and trading revenue, Bank of America’s first-quarter profit blows past Wall Street analyst estimates
Last Updated: April 15, 2025 at 8:05 a.m. ET
First Published: April 15, 2025 at 6:57 a.m. ET
Bank of America Corp.’s stock was up 2% in premarket trading on Tuesday after the megabank topped Wall Street’s earnings and revenue targets as it marked its 12th straight quarter of growth in its sales and trading business.
Bank of America BAC Chief Executive Brian Moynihan said consumers continue to spend while maintaining healthy credit profiles, but, he warned, “We potentially face a changing economy.”
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