Bank of America and M&T Bank Q1 Earnings Overview

Bank of America reported an 11% increase in first-quarter profits, reaching $7.4 billion, attributed to a boost in trading fees due to market volatility amid tariff uncertainties. This performance beat analyst expectations, although fears regarding tariffs have led to a cautious investment banking environment. Similarly, M&T Bank's first-quarter earnings rose by 10% to $584 million, driven by consistent consumer spending and increased lending activities, though some business customers remain cautious due to economic uncertainties. Despite these gains, M&T Bank missed analyst expectations due to seasonality and revised its full-year net interest income forecast downward in anticipation of a potential recession. Both banks highlighted the impact of tariff policies and economic volatility on their operations and strategic outlooks.