Bank of America's stock trading division achieved record quarterly results, and the company benefited from market turbulence, and net interest income surpassed analysts' expectations. Stock trading revenue for the first three months of this year increased 17% to $2.18 billion, the company said in a statement on Tuesday. This helped Bank of America's earnings per share exceed analysts' expectations. Fixed-income, foreign exchange, and commodity transactions came close to expectations, bringing in $3.46 billion in revenue. CEO Brian Moynihan said in a statement that the bank's sales and trading divisions achieved year-on-year revenue growth for the 12th consecutive quarter. “Our corporate clients have always performed well, and consumers have shown resilience, continued spending and maintained healthy credit quality.”

Bank of America's stock trading division achieved record quarterly results, and the company benefited from market turbulence, and net interest income surpassed analysts' expectations. Stock trading revenue for the first three months of this year increased 17% to $2.18 billion, the company said in a statement on Tuesday. This helped Bank of America's earnings per share exceed analysts' expectations. Fixed-income, foreign exchange, and commodity transactions came close to expectations, bringing in $3.46 billion in revenue. CEO Brian Moynihan said in a statement that the bank's sales and trading divisions achieved year-on-year revenue growth for the 12th consecutive quarter. “Our corporate clients have always performed well, and consumers have shown resilience, continued spending and maintained healthy credit quality.”