Bank of America’s trading business hit a record year in 2024 as market volatility caused by the US presidential elections in the fourth quarter bolstered Wall Street banks.

The US bank brought in $4.1bn in sales and trading revenue in the final three months of the year, up 13% and a record fourth quarter for the bank. Overall trading revenue of $18.8bn for 2024 was also an all-time high for Bank of America.