The large banks continue to report good quarterly earnings.
Bank of America said on Wednesday that profits leaped 17% from a year ago…Investment banking and trading revenue rose 21% and 13%, respectively…
Bank of America CEO Brian Moynihan said in a statement that, during the first quarter, his bank “saw healthy client activity, including solid consumer spending and stable asset quality, indicating a resilient American economy.”…
The nation’s three other largest banks, JPMorgan Chase, Wells Fargo and Citigroup, also reported year-over-year profit increases in the first quarter that beat analyst expectations. Altogether, these four banks reported profits of $36.12 billion, a 17% increase from the previous year.
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