Angie Newman, head of the UBS World Heritage Management Portfolio, discusses the market reaction in the midst of trade tensions and gives advice to customers and investors.
America Bank The estimates exceeded for the benefit of the first quarter as interest income grew and that the volatile markets helped its merchants in shaved actions in a record.
While the markets were launched around the pricing policies of American president Donald Trump, Bofa reported 9% of higher commercial income, reflecting the trends observed during the rivals.
“Although we can face an economy in the future in the future, we believe that the disciplined investments that we have made for high -quality growth, our diversified business and the relentless accent of the team on responsible growth will remain a source of strength,” said CEO Brian Moynihan in a press release.
Big Bank CEOs weigh on Trump’s prices: `considerable turbulence ”
Bank of America’s president and chief executive officer, Brian Moynihan, speaks for “Mornings with Maria” at Fox Business Network Studios. (Photo by John Lamparski / Getty Images / Getty Images)
Trading of shares jumped 17% to a record of $ 2.2 billion, while income income, currencies and basic products jumped from $ 3.5 billion to 3.5 billion.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| Bin | Bank of America Corp. | 36.67 | +0.72 |
+ 2.00% |
“These results were supported by a The growing economy at a moderate pace And customer concerns about commercial policy and recent market disabilities, “said financial director Alastair Barthwick during a call to journalists.
“However, our research team at this stage does not believe that we will see a recession and our customers continue to show encouraging signs. Employment is obviously healthy and consumers have proven to be resilient.”
Rivals JPMorgan Chase and Goldman Sachs also reported stronger performance of their commercial activities.
The benefit of Goldman Sachs jumps while traders provide gains
Jamie Dimon, CEO of JPMorgan Chase. (Al Drago / Bloomberg via Getty Images / Getty Images)
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| Jpm | JPMorgan Chase & Co. | 236.94 | +2.27 |
+ 0.97% |
| GS | The Goldman Sachs Group inc. | 503.98 | +9.54 |
+ 1.93% |
“As we saw with other banks, the business results were the star’s star,” said Stephen Biggar, banking analyst at Argus Research.
“However, a collapse of the volume of mergers and acquisitions (mergers and acquisitions) and in the IPO (initial public offer) could condemn a recovery in 2025 if the tariff disorders are not resolved soon.”
In the midst of stock sales, do not panic, say the experts
Bofa’s income Answered $ 7.4 billion, or 90 cents per share, during the closed quarter on March 31, he said on Tuesday. This is compared to $ 6.7 billion, or 76 cents per share, a year earlier.
Analysts expected a profit of 82 cents per share, according to estimates compiled by LSEG.
Bofa’s benefit was $ 7.4 billion, or 90 cents per share, during the quarter enclosed on March 31. (Smith Collection / Gado / Getty Images / Getty Images)
Maintains the forecasts of NII
The second largest income of net interests of the US lender (NII) – The difference between what he wins over loans and pays on deposits – increased by 3% to 14.4 billion dollars, partially helped by the drop in deposit costs.
He maintained his NII forecasts of $ 15.5 billion to $ 15.7 billion for the fourth quarter. Last year, interest rate reductions had contributed to improving the feeling of borrowers, for the benefit of banks such as BOFA, which had planned net interest in net interest in 2025 before revealing the new rates.
The shares increased by 1.6% to $ 37.25 before the bell. They fell 12.4% since the prices were released earlier this month.
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The fears triggered by the prices alarmed investment bankers in the world, which prompted prosecutors who were once optimistic about Trump’s policies to adopt a waiting approach.
Bofa’s investment banking fees dropped 3% to 1.5 billion dollars in the first quarter. During the first three months of 2025, American mergers activity and acquisitions He dropped by 13%, according to Dealogic data.
The credit losses were $ 1.5 billion, more than $ 1.3 billion compared to the previous year.
