The Management Management Manager of UBS, Angie Newman, discusses the market reaction in commercial tensions and provides advice to customers and investors.
Bank of America exceeded estimates of the first quarter to earnings as income revenues and volatile markets grew helped their shares of shares to collect a record route.
As the markets gave birth around the tariff policies of the president of the United States, Donald Trump, Bofa generated 9% higher commercial income, reflecting the trends seen in rivals.
“Although we potentially face a changing economy in the future, we believe that the disciplined investments we have made for high quality growth, our diverse set of business and the incessant approach of the team in responsible growth will continue to be a source of strength,” said CEO Brian Moynihan in a statement.
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The president and CEO of Bank of America, Brian Moynihan speaks during “Mornings With Maria” in Fox Business Network Studios. (Photo by John Lamparski / Getty Images / Getty Images)
Variable rental trade increased 17% to a record of $ 2.2 billion, while fixed income, coins and basic products increased 5% to $ 3.5 billion.
| Heart | Security | Last | Change | Change % |
|---|---|---|---|---|
| BAC | Bank of America Corp. | 36.67 | +0.72 | +2.00% |
“These results were supported by an economy that grew at a moderate pace and client’s concerns about commercial policy and recent market agitation,” said Financial Director Alastair Borthwick in a call with journalists.
“Even so, our research team at this time does not believe that we will see a recession and our clients continue to show encouraging signs. Employment is obviously healthy and consumers have proven to be resistant.”
JPMorgan Chase and Goldman Sachs rivals have also reported a stronger yield of their commercial businesses.
Goldman Sachs galls jumps as merchants offer profits
JPMORGAN CHASE CEO JAMIE DIMON. (Al Drago / Bloomberg through Getty Images / Getty Images)
| Heart | Security | Last | Change | Change % |
|---|---|---|---|---|
| JPM | JPMorgan Chase & Co. | 238.43 | +3.76 | +1.60% |
| GS | The Goldman Sachs Group Inc. | 503.98 | +9.54 | +1.93% |
“As we have seen with other banks, the commercial results were the star of the program,” said Stephen Biggar, a bank analyst at Argus Research.
“Even so, a collapse in M&A (mergers and acquisitions) and IPO (initial volume of public offers) could condemn a 2025 recovery if the tariff agitation is not resolved soon.”
Amid actions of actions, they do not be scared, experts say
Bofa’s profits were $ 7.4 billion, or 90 cents per share, at the quarter ending March 31, he said Tuesday. That is compared to $ 6.7 billion, or 76 cents per share, a year earlier.
Analysts awaited a gain of 82 cents per action, according to estimates compiled by LSE.
Bofa’s profits were $ 7.4 billion, or 90 cents per share, at the quarter ended on March 31. (Smith Collection/Gado/Getty Images/Getty Images)
Keep the Nii prognosis
The second net income of the net interest of the American lend (NII), the difference between what it earns in loans and pays deposits, grew 3% to $ 14.4 billion, partially helped by the lowest deposit costs.
He maintained his NII forecast from $ 15.5 billion to $ 15.7 billion for the fourth quarter. The interest rate cuts last year had helped improve the feeling among the borrowers, benefiting banks such as Bofa, who had predicted income of net interest in 2025 before Trump revealed the new rates.
The shares increased 1.6% to $ 37.25 before the bell. They have fallen by 12.4% since the tariffs were presented earlier this month.
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The fears caused by tariffs have alarmed investment bankers worldwide, which led merchants who were once optimistic in Trump’s policies to adopt a waiting and observation approach.
Bofa’s investment bank rates fell 3% to $ 1.5 billion in the first quarter. In the first three months of 2025, American M&A activity fell by 13%, according to Dealogic data.
The provisions for credit losses were $ 1.5 billion, exceeding $ 1.3 billion since the previous year.
