💰📈 Bank of America Reports Q1 Profit Boost, Driven by Trading Revenues Amid Market Volatility 🔹 Summary: Bank of America's Q1 profit rose, aided by a 9% increase in trading revenue, driven by market volatility stemming from uncertainty over President Trump’s tariff decisions. The bank reported solid net interest income growth, but its investment banking fees saw a slight decline. 🔹 Key Points: • Bank of America’s Q1 profit increased to $7.4 billion, or 90 cents per share, compared to $6.7 billion, or 76 cents per share, in the previous year. • Trading revenue grew by 9%, with a notable 17% increase in equities trading, boosted by market volatility. • Net interest income (NII) grew 3% to $14.4 billion, benefiting from the Federal Reserve’s rate cuts. • However, investment banking fees fell 3% to $1.5 billion, reflecting a slowdown in M&A activity amid tariff-related uncertainty. • Bank of America’s CEO Brian Moynihan highlighted the bank’s disciplined investments and diverse business model as key drivers of growth. @CMEActiveTrader Tickers Of Interest: $ES $NQ Tickers Of Interest: $USD $BAC