Goldman Sachs' trading businesses took in $5.61 billion in the third quarter, up from $4.14 billion in the prior quarter.
The famed investor's company spent less than $15 billion for a stake in the bank worth over $45 billion today.
The banking group's quarterly net income rose 58% to $7.7 billion, or 85 cents per share, which topped Wall Street forecasts.
JPMorgan's Jamie Dimon is joining other banks on Wednesday to warn of the economic consequences of failing to raise the debt ceiling.
Fears about stagflation are haunting Wall Street, and helped push stocks to their worst monthly fall since March 2020 in September.
Bank of America launched coverage of digital assets to make sense of a rapidly growing asset class that has now ballooned to $2.1 trillion.
And tightness in the global natural gas market could put more upward pressure on crude as high natgas prices encourage switching to oil.
Bank of America's online banking was inaccessible to many users Friday morning, but issues appeared to subside by midday.
Bank of America says small companies with steady earnings and low debt have consistency beaten the market in these kinds of economic conditions.
Base pay for first-year investment banking analysts is now at least $100,000. First-year associates can get paid as much as $200,000, with Lazard leading the pack.
Buffett's stakes in Apple, Bank of America, American Express, Coca-Cola, and Kraft Heinz slid in value as Evergrande's debt woes shook markets.
Bank of America initiated coverage of Lucid Motors on Wednesday with a "buy" rating and price target of $30. The stock currently trades around $19.
BofA said Lucid could pose a threat to other startups like Tesla and Rivian, as well as more established automaker's EV brands like Ford and GM.
Bank of America has split its tech and ops division following the promotion of top tech executive Cathy Bessant. These are eight key leaders to know.
See all of Bank of America's senior leadership changes: Cathy Bessant will become vice chair, Global Strategy. Paul Donofrio will step down as CFO.
Bank of America also set its 2022 target for the S&P 500 at 4,600, representing just 2% upside from current levels.
BofA raised its 12-month price target on Best Buy to $157 after the retailer posted stronger-than-expected second-quarter earnings.