Bank of America posts strong first quarter results with increased revenue, higher net income, and record performance in Global Markets.
Bank of America posts strong first quarter results with increased revenue, higher net income, and record performance in Global Markets.
Bank of America has released its first quarter 2025 financial results, highlighting strong performance, especially in its Global Markets segment. The bank posted a net income of $1.9 billion in this segment alone, marking a solid start to the year.
Revenue for Global Markets reached $6.6 billion, reflecting a 12% increase compared to the same quarter in 2024. This impressive growth came primarily from higher sales and trading revenue, alongside notable gains in leveraged finance positions. Sales and trading revenue totaled $5.7 billion, up 11% from the previous year.
Notably, revenue from FICC (fixed income, currencies, and commodities) rose by 8%, reaching $3.5 billion. This gain stemmed from strong macro product trading and consistent credit product strength. In addition, Equities revenue hit a record high of $2.2 billion, showing a 17% increase due to enhanced trading performance and increased client activity.
Across all business segments, Bank of America earned a net income of $7.4 billion, translating to $0.90 per diluted share. This is a significant jump from $6.7 billion, or $0.76 per diluted share, reported in the same quarter last year. Moreover, total revenue, net of interest expense, climbed to $27.4 billion, representing a 6% increase. This growth was fueled by higher net interest income and increased noninterest income across the board.
Chair and CEO Brian Moynihan expressed confidence in the bank’s strategy and ongoing performance. He stated, “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.” He also emphasized, “Our business clients have been performing well, and consumers have shown resilience, continuing to spend and maintaining healthy credit quality.”
Looking ahead, he added, “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.” With this performance, Bank of America has maintained its momentum and demonstrated resilience in a dynamic economic environment.
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