UBS Global Wealth Management Portfolio manager Angie Pneummon discussed the market response amid trade tension and advised customers and investors.
Bank of America Top estimates and volatile markets for the benefit of the first quarter as interest income increased helped their stock traders to record records.
As the markets were around the tariff policies of US President Donald Trump, Bofa brought 9% to high trade revenue, mirroring the trends seen in rivals.
CEO Brian Mionihan said in a statement, “Although we potentially face a changing economy in the future, we believe that the disciplined investments we have made for high quality development, the diverse sets of our businesses and the tireless attention of the team will be a source of strength on the tireless development.”
Big bank CEOs weigh on Trump’s tariff: ‘considerable disturbance’
Bank of America President and CEO, Brian Mionihan speaks during “Morning with Maria” at the Fox Business Network Studio. (Photo by John Lampperski / Getty Image / Getty Image)
Equity trading rose 17% to record $ 2.2 billion, while fixed income, currencies and goods increased by 5% to $ 3.5 billion.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| BAC | Bank of America Corp. | 39.69 | +0.11 |
+0.28% |
“These results were made by one Medium -speed growing economy On a call with reporters, Chief Financial Officer Alastair Borathwick said, “The business policy and the recent market upheaval worries the customer.
“Nevertheless, at this point our research team does not believe that we will see a recession and our customers will continue to show encouraging signs. Employment is clearly healthy and consumers have proved flexible.”
Rivities JP Morgan Chase and Goldman Sachs have also reported a strong performance from their business businesses.
Goldman Sachs’s advantage jumps because traders give benefits
Jamie Dimon, CEO of JP Morgan Chase. (Al Drago / Bloomberg Getty Image / Getty Image)
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| JPM | JP Morgan Chase & Company. | 242.41 | -1.00 |
-0.41% |
| GS | The Goldman Sachs Group, Inc. | 544.86 | -0.51 |
-0.09% |
“As we have seen with other banks, the trading results were the star of the show,” said Stephen Bigggar, banking analyst of Argus Research.
“Nevertheless, M & A (merger and acquisition) and IPO (early public offering) deal can recover a collapse of 2025 if the tariff turns are not resolved soon.”
Between the stock cell-offs, don’t panic, experts say
Bofa’s earnings The quarter ended March 31 was $ 7.4 billion or 90 cents per share, said on Tuesday. It compares with $ 6.7 billion, or 76 cents per share a year ago.
According to estimates compiled by LSEG, analysts expected a profit of 82 cents per share.
In the quarter ended March 31, Bofa’s earnings were $ 7.4 billion or 90 cents per share. (Smith Collection/Gado/Getty Image/Getty Images)
NII maintains forecasting
The second largest American lender net interest income (NII) – the difference between what earns on the loan and pays on deposits – increased by 3% to $ 14.4 billion, partially helped with a partial low deposit cost.
This maintained its NII forecast of $ 15.5 billion to $ 15.7 billion for the fourth quarter. Last year, interest-rate cuts helped improve the spirit among borrowers, benefiting banks such as bofa, which Trump had predicted a record net interest income in 2025 before unveiling the new tariff.
The stocks rose 1.6% to $ 37.25 before the bell. They have fallen by 12.4% since unveiling the tariff earlier this month.
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The fears provoked by tariffs have worried globally investment bankers who inspire dealers who were ever growing rapidly to adopt a waiting-and-looking approach on Trump’s policies.
Bofa’s investment banking fee fell 3% to $ 1.5 billion in the first quarter. In the first three months of 2025, US M&A Activity According to the data of the delogic, 13%fell.
The provision of credit deficit was $ 1.5 billion, which was more than $ 1.3 billion from a year ago.
