Trending Now - Bank of America Reports Strong Q1 Profits Amid Market Volatility
WHO:
ABC News - Bank of America (BofA) and Morgan Stanley reported strong profits.
Yahoo Finance - Brian Moynihan is the CEO of Bank of America.
WHAT:
ABC News - Morgan Stanley's bond-trading desk posted a 29% jump in revenues to $3.36 billion.
ABC News - Bank of America had its biggest quarter for equity sales and trading in its history.
Yahoo Finance - Bank of America’s investment banking unit fees rose to $1.8 billion, driven by a 45% increase in M&A advisory fees.
Yahoo Finance - Bank of America’s rate of credit card delinquencies over 90 days declined to 1.30% compared with 1.34% in the first quarter of 2025.
Bloomberg Markets - Morgan Stanley's total trading revenue reached $8.51 billion.
ABC News - Bank of America reported first-quarter stock trading revenues of $2.8 billion, a 30% increase from 2025.
ABC News - Morgan Stanley's equity trading revenues rose 25% to $5.15 billion.
ABC News - Morgan Stanley reported net income of $5.6 billion and earnings per share of $3.43, both up 30% from the previous year.
Yahoo Finance - Bank of America reported profits of $8.6 billion, or $1.11 per share, a 17% increase from 2025.
Yahoo Finance - Bank of America’s net revenue rose 7% to $30.3 billion compared to $28.2 billion in the first quarter of 2025.
Yahoo Finance - Investment banking revenue rose 21% and trading revenue rose 13% for Bank of America.
Yahoo Finance - Bank of America’s total sales and trading revenue reached $6.4 billion, driven by a 30% year-over-year increase in stock trading revenue.
Yahoo Finance - Bank of America’s M&A advisory fees increased by 45%, totaling $1.8 billion.
WHERE:
ABC News - The reports were made in New York.
WHEN:
ABC News - The earnings report was released on Wednesday, April 12th, 2026.
Yahoo Finance - The earnings report was also released on Wednesday, April 12th, 2026.
Yahoo Finance - Brian Moynihan made a statement regarding the bank's performance on April 12th, 2026.
WHY:
ABC News - Bank of America CEO Brian Moynihan noted that the bank is “watchful of evolving risks,” including geopolitical tensions and rising energy prices.
ABC News - Market volatility, partly due to the War in Iran, has boosted Wall Street profits.
Yahoo Finance - Bank of America cited healthy client activity and stable asset quality as indicators of a resilient American economy.
HOW:
ABC News - Bank of America executives stated that they did not post a single daily loss on their trading desk during the first quarter.
ABC News - Bank of America did not post a single daily loss on its trading desk during the first quarter.
ABC News - The bank's consumer banking business reported a profit of $3.1 billion, with a 7% increase in customer spending on credit and debit cards compared to 2025.
Yahoo Finance - Bank of America reported lower consumer charge-offs compared to the previous year, attributed to credit card seasonality.
(UPDATED April 15, 2026 21:17 UTC)
Morgan Stanley's bond-trading desk reported a remarkable 29% increase in revenues, reaching $3.36 billion, while the bank's total trading revenue climbed to $8.51 billion. Meanwhile, Bank of America celebrated its largest quarter for equity sales and trading in history, with investment banking fees rising to $1.8 billion, largely due to a 45% surge in M&A advisory fees. Bank of America also saw a decline in credit card delinquencies over 90 days to 1.30%, and CEO Brian Moynihan emphasized the bank's vigilance regarding evolving risks such as geopolitical tensions and rising energy prices.
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(UPDATED April 15, 2026 19:23 UTC)
Bank of America and Morgan Stanley both reported strong profits in their recent earnings, with Bank of America announcing first-quarter stock trading revenues of $2.8 billion, a significant 30% increase from 2025, and profits of $8.6 billion, or $1.11 per share. Meanwhile, Morgan Stanley's equity trading revenues rose 25% to $5.15 billion, contributing to a net income of $5.6 billion and earnings per share of $3.43, both up 30% from the previous year. These positive results, released on Sunday, highlight the impact of market volatility and healthy client activity, as Bank of America noted no daily losses on its trading desk during the quarter.