Bank of America reports strong Q1 earnings, boosts stock 5%

Bank of America reported strong first-quarter earnings for 2025, with earnings per share of $0.90 and revenue of $27.4 billion, both exceeding analysts' expectations. The bank's net interest income reached $14.4 billion, driven by lower deposit costs and a robust trading environment, particularly in its global markets segment, which saw record equities trading revenue of $2.2 billion. CEO Brian Moynihan expressed optimism about consumer spending and credit quality, despite lingering uncertainties related to U.S. trade policies. Additionally, Bank First National also exceeded earnings expectations with an EPS of $1.82 and revenues of $43.1 million, reflecting a positive trend in financial health. Overall, major banks like Bank of America and Goldman Sachs are showing resilience amid market volatility and lower interest rates, indicating a stable outlook for the financial sector. However, concerns remain about potential economic impacts due to ongoing tariff discussions.