Bank of America on Wednesday reported a robust first quarter, beating estimates on revenue and notching its highest earnings per share in nearly 20 years. As with rival Goldman Sachs, equities trading was a particular bright spot, with revenue surging 30% to a 15-year high. Morgan Stanley, meanwhile, delivered its own revenue beat, bringing in $20.58 billion for the quarter versus analysts' predicted $19.72 billion. Profit rose 29%, while revenue from equities trading broke a record at $5.15 billion.
LinkedIn Talent Insights
The records are funding a hiring spree — Bank of America has 2,672 open roles (15% YoY headcount growth), Morgan Stanley 1,715. Both are pouring it into data and customer tech: Analytical Skills is MS's fastest-growing skill (+9%) and BofA's biggest open-role category (1,473 open). At MS, SQL skills are up another 8% — they're staffing data engineers to power the record-breaking equities desks.
