Bank of America said the US economy continues to show resilience after reporting stronger-than-expected quarterly profits driven by a rebound in trading revenue, according to its first-quarter results released Wednesday.
The bank's leadership pointed to stable consumer spending and steady credit quality across its lending book as key indicators that economic conditions have remained broadly supportive. As reported by Reuters, the bank said trading activity in both equities and fixed income helped offset softer performance in parts of its lending operations.
