Business · 16 April 2026
Bank of America beats Wall Street with $8.6 billion profit. Trading desks are printing money
Unsplash / Maxim Klimashin
Bank of America reported $8.6 billion in net income and $30.3 billion in revenue for Q1, beating expectations with earnings per share of $1.11 against a forecast of $1.01. Net interest income rose 9% to $15.7 billion. The result follows JPMorgan's record $11.6 billion trading quarter, confirming that war-driven volatility has become Wall Street's most profitable trade of 2026.
Reported by CNBC / Reuters · How we write briefs