Bank of America has just posted its financial report for the first quarter of 2025, with the Global Markets segment delivering solid results.
The Global Markets segment registered net income of $1.9 billion in the first three months of 2025.
Global Markets revenue amounted to $6.6 billion, up 12% from the year-ago quarter. The strong revenue result was supported primarily by higher sales and trading revenue and gains related to leveraged finance positions.
Global Markets sales and trading revenue of $5.7 billion increased 11%, whereas FICC revenue increased 8% to $3.5 billion, driven by strong trading performance in macro products and continued strength in credit products.
Record Equities revenue of $2.2 billion increased 17%, driven by improved trading performance and increased client activity.
Across all segments, Bank of America reported net income of $7.4 billion, or $0.90 per diluted share, compared to $6.7 billion, or $0.76 per diluted share a year ago.
Revenue, net of interest expense, of $27.4 billion, was up 6%, driven by noninterest income growth across all segments and higher net interest income (NII).
Chair and CEO Brian Moynihan commented:
“We had a good first quarter, with earnings per share of $0.90 up from $0.76 last year. This reflected growth in net interest income and fee income, while sales and trading delivered its 12th consecutive quarter of year-over-year revenue growth. Our business clients have been performing well; and consumers have shown resilience, continuing to spend and maintaining healthy credit quality. Though we potentially face a changing economy in the future, we believe the disciplined investments we have made for high-quality growth, our diverse set of businesses, and the team’s relentless focus on Responsible Growth will remain a source of strength.”
