Bank of America rises after Q1 profit beat

** Shares of second-largest U.S. lender Bank of America BAC.N up 2.1% at $37.44 premarket

** BofA beats estimates for Q1 profit as interest income grew and volatile markets helped its stock traders rake in a record haul

** BofA's net interest income (NII) — difference between what it earns on loans and pays out on deposits — rises 3% to $14.4 bln in Q1, partially helped by lower deposit costs

** BofA's Q1 investment banking fees falls 3% to $1.5 bln

** Reports Q1 net income of $7.4 bln, or 90 cents per share, vs analysts' avg. est. of 82 cents per share - data compiled by LSEG

** As of last close, BAC is down ~16.6% YTD