#trading

Bank of America $BAC slipped 0.04% even after first-quarter EPS of $1.11 and revenue of $30.43 billion beat LSEG estimates of $1.01 and $29.93 billion. Equities trading revenue jumped 30% to $2.83 billion and helped offset a softer FICC quarter, while net interest income rose to $15.9 billion.

Morgan Stanley $MS rose 1.2% in U.S. trading after first-quarter EPS came in at $3.43 on $20.58 billion of revenue, beating LSEG estimates of $3.00 and $19.72 billion. Trading desks did the heavy lifting: equities revenue reached a record $5.15 billion and fixed income added $3.36 billion, roughly $1 billion above StreetAccount expectations combined.