0729 ET - Bank of America says its global markets sales and trading revenue increased 11% to $5.7 billion including net debit valuation adjustment gains of $19 million. Fixed income, currencies and commodities revenue grew 8% to $3.5 billion, while equities revenue reached a record with an increase of 17% to $2.2 billion. Other banks including Goldman Sachs, JPMorgan Chase and Morgan Stanley have said a surge in trading revenue helped lift their profits in 1Q.(denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
April 15, 2025 07:30 ET (11:30 GMT)
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