At Bank of America, trading revenues get a $300m DVA boost
But credit and funding valuation adjustments deducted $492 million from other income
Debit valuation adjustments (DVA) to derivatives added $300 million to Bank of America’s sales and trading revenue in Q1, the most in at least five years. But charges related to other valuation adjustments took $492 million off of other income.
With DVA included, the bank’s trading haul was $4.6 billion, up from $2.8 billion in Q4 2019 and $3.5 billion the year-ago quarter. DVA therefore
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