Bank of America has released its financial results for the first quarter (Q1) of 2025, showcasing robust performance, particularly within its Global Markets segment. The bank reported a net income of $7.4 billion, or $0.90 per diluted share, marking an increase from $6.7 billion, or $0.76 per share, in the same period last year.

The standout performer was the Global Markets segment, which posted a net income of $1.9 billion. Total revenue in this segment reached $6.6 billion, reflecting a 12% year-over-year increase. This growth was primarily driven by stronger sales and trading revenue and gains in leveraged finance positions.

Bank of America: Strong Q1 2025 Results, Global Markets Surge

Sales and trading revenue came in at $5.7 billion, up 11% compared to the year-ago quarter. Fixed Income, Currencies, and Commodities (FICC) revenue rose 8% to $3.5 billion, supported by solid trading in macro products and consistent strength in credit products. Additionally, Equities revenue hit a record $2.2 billion, up 17%, fueled by better trading performance and increased client activity.

Across the board, the bank posted total revenue, net of interest expense, of $27.4 billion—a 6% rise from last year. This was due to growth in both noninterest income and net interest income (NII).

Brian Moynihan, Chair and CEO of Bank of America, expressed confidence in the bank’s performance and future outlook, stating:

“We had a good first quarter, with earnings per share of $0.90 up from $0.76 last year. This reflected growth in net interest income and fee income, while sales and trading delivered its 12th consecutive quarter of year-over-year revenue growth. Though we potentially face a changing economy in the future, we believe the disciplined investments we have made for high-quality growth, our diverse set of businesses, and the team’s relentless focus on Responsible Growth will remain a source of strength.”

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