emergencyBreaking NewsOntario Drivers Must Now Opt In to Keep Wage Loss Coverage After July 1Wells Fargo expects energy price spikes to squeeze low-income consumer spendingAmerican Express Protects AI Agent Purchases to Enable Autonomous CommerceRetail investors with less than $25,000 can now day trade without restrictionsCarMax slashed prices to win back buyers. It cost the company $121 million.Ontario Drivers Must Now Opt In to Keep Wage Loss Coverage After July 1Wells Fargo expects energy price spikes to squeeze low-income consumer spendingAmerican Express Protects AI Agent Purchases to Enable Autonomous CommerceRetail investors with less than $25,000 can now day trade without restrictionsCarMax slashed prices to win back buyers. It cost the company $121 million.

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Home/Briefs/banking

BriefApril 16, 2026 · 01:30 AM

Trading and M&A Surge Drive Bank of America's First-Quarter Profit to $8.6 Billion

Bank of America reported net income of $8.6 billion, or $1.11 per share, for the first quarter ending March 31. This figure represents an increase from $7.4 billion, or 89 cents per share, a year earlier. The growth was driven by a sales and trading revenue increase of 13% to $6.4 billion, resulting from volatile global markets that boosted client trading activity. Advisory income was further lifted by a revival in mergers and acquisitions, which global M&A activity exceeded $1.2 trillion in the first quarter. This resulted in investment banking fees climbing 21% to $1.8 billion.

Adrian North

BankingCorporate FinanceInvestment Banking

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