Bank of America (BAC) has become the latest U.S. financial institution to report better-than-expected financial results for this year’s first quarter.
The second largest bank in the U.S. announced earnings per share (EPS) of $0.90 U.S., which was ahead of the $0.82 U.S. consensus expectation of analysts.
Revenue in the January through March period totaled $27.51 billion U.S., which was ahead of the $26.99 billion U.S. forecast on Wall Street.
Like other big banks, Bank of America attributed its strong Q1 results to robust stock trading at a time when markets were at all-time highs.
At the same time, Bank of America’s consumer credit and wealth management units performed well during the quarter, underpinning its financial results.
So far, all the major U.S. banks, including JPMorgan Chase (JPM) and Goldman Sachs (GS), have exceeded analysts’ estimates due to a boom in equity trading.
However, despite the strong Q1 performance, banks face dark clouds on the horizon from ongoing trade wars and import tariffs, with many analysts now forecasting a U.S. recession.
Bank of America’s stock has fallen 17% so far in 2025 to trade at $36.67 U.S. per share.