U.S. Movers: Bank of America, Interactive Brokers, JB Hunt, United Airlines

Scott Peters
16 Apr, 2025
New York City

Bank of America eased 0.4% to $37.82 after the company reported first quarter 2025 results.

Revenue climbed to $27.34 billion from $25.82 billion, net income edged up to $6.99 billion from $6.14 billion, and diluted earnings per share rose to 90 cents from 76 cents a year ago.

The company paid dividends of 26 cents per share in the quarter, compared to 24 cents a year earlier.

Net interest income came in at $14.4 billion, a full-time equivalent to $14.6 billion, an increase of 3% from the same quarter in 2024.

Provision for credit losses increased to $1.3 billion from $1.2 billion a year ago in the consumer banking business, and average deposit in the quarter eased to $947.6 billion from $952.5 billion, a year ago. 

The company reported $4.2 trillion in assets under management, an increase of 5% from a year ago, driven by positive net client flows and higher market valuations.

Net asset inflow in the quarter was $24 billion, compared o $24.7 billion in the quarter a year ago. 

Total global market sales and trading revenue increased to $5.66 billion from $5.09 billion a year earlier.

United Airlines Holdings Inc. surged 6.1% to $71.10 after the company reported first quarter 2025 results.

Revenue edged up 5.4% to $13.21 billion from $12.54 billion, net income swung to a profit of $387 million from a loss of $124 million, and diluted earnings per share came in at $1.16 compared to a loss of 38 cents a year ago.

The results in the first quarter represent the best operational performance since 2021, as capacity increased by 4.9%, the company said in a release to investors.

The company plans to invest in six additional gates at Chicago O’Hare International Airport in the fall season and also plans to expand at San Francisco.

The airline said it will have a Wi-Fi connection with Starlink installed on its entire fleet by the end of this year.

The company carried a record of over 450,000 customers per day on average during the quarter and cut its seat cancellation rate in half compared to the same quarter in 2024.

Interactive Brokers Group plunged 9.8% to $156.35 after the global electronic broker reported first quarter 2025 results.

Revenue increased to $1.43 billion from $1.20 billion, net income jumped to $213 million from $175 million, and diluted earnings per share rose to $1.94 from $1.61 a year ago.

Net interest income edged up 3% to $770 million on higher average customer margin loans and customer credit balances.

Commissions revenue increased 36% to $514 million on higher customer trading volumes.

Total customer accounts were 3.62 million in the quarter, a 32% increase from 2.75 million a year earlier.

Customer equity amounted to $573.5 billion, a 23% increase from $465.9 billion a year ago.

Customer daily average return trade was 3.52 million in the quarter, a 50% increase from 2.35 million in the prior year.

The company proposed a quarterly cash dividend of 32 cents per share, up from 25 cents a year ago, payable on June 13 to shareholders on record as of May 30.

JB Hunt Transport Services Inc. declined 6% $127.0 after the freight transportation services provider reported first quarter 2025 results.

Revenue declined to $2.92 billion from $2.94 billion, net earnings dropped to $117.74 million from $127.49 million, and diluted earnings per share edged down to $1.17 from $1.22 a year ago.