Bank of America and Citigroup are expected to notch higher revenue and profit when they post results Tuesday morning. Their trading desks should have benefitted from a sharp rise in volatility in the

Shares of major U.S. banks surged after Bank of America (BAC) and Citigroup (C) became the latest lenders to report better-than-expected first-quarter earnings on the back of a stock-trading boom. Bank of America shares were up 4.

Wall Street is raking in even more money from trading than it did during the market’s Covid-19 era swings. Goldman Sachs, JPMorgan Chase and Morgan Stanley all said a surge in trading revenue helped lift their profits last quarter and beat expectations.