Bank of America beat first-quarter profit and revenue estimates, driven by higher net interest income and strong trading revenue. CEO Brian Moynihan said business clients are performing well, and consumers remain resilient, with healthy credit quality and continued spending. He added that despite potential economic shifts, the bank’s disciplined investments and focus on responsible growth position it for continued strength. Bank of America shares have declined amid concerns that Trump’s tariff policies could trigger a recession. The stock has dropped over 16% since the beginning of the year.
