Bank of America Corporation Achieves Record Stock Trading Revenue Boosted by Market Volatility

Glonghui, April 16 | The stock trading division of a certain exchange set a record, with intensified market volatility driving the bank’s profit to its highest level in nearly twenty years. The company stated in a report on Wednesday that first-quarter stock trading revenue increased by 30% to $2.8 billion, exceeding expectations, while fixed income trading business revenue grew by less than 1% to $3.5 billion, falling short of analysts’ consensus forecasts. The bank also raised its full-year net interest income expectations, citing shifted forecasts for Federal Reserve rate cuts, alongside assumptions of continued growth in loans and deposits.