Bank of America (BAC) earnings Q1 2026
Brian Moynihan, CEO of Bank of America, talking on CNBC’s Squawk Box on the World Economic Forum in Davos, Switzerland on Jan. twentieth, 2026.
Oscar Molina | CNBC
Bank of Americathe nation’s second-largest lender, beat on the highest and backside strains in the course of the first quarter, bolstered by equities gross sales and buying and selling.
Here’s what the agency reported:
- Earnings per share: $1.11 per share vs. $1.01 LSEG estimate
- Revenue: $30.43 billion vs. $29.93 billion estimate
The financial institution said Wednesday that internet earnings rose 17% to $8.6 billion, or $1.11 per share, Bank of America’s highest EPS in virtually 20 years.
Revenue rose 7.2% to $30.43 billion on rising internet curiosity earnings, increased buying and selling income, and charges from funding banking and asset administration.
Equities buying and selling contributed to the beat, because the geopolitical setting roiled inventory markets. Revenue in that enterprise jumped 30% to $2.83 billiondriving the financial institution’s buying and selling operations to its greatest quarter in 15 years. Investment banking additionally beat and was up 21% to $1.8 billion.
Net curiosity earnings, the profitability metric for loan-making, elevated by 9% to $15.9 billion and beat as nicely. That was attributable to increased mortgage and deposit balances, fixed-rate asset repricing and markets exercise.
“We remain watchful of evolving risks. However, we saw healthy client activity, including solid consumer spending and stable asset quality, indicating a resilient American economy,” Bank of America CEO Brian Moynihan mentioned within the launch.
The net-charge-off ratio, exhibiting what quantity of complete loans have been deemed unable to be collected, improved 6 foundation factors in the course of the quarter to 0.48%. The agency’s shopper banking and international wealth divisions every gained greater than 20% in income.
Return on tangible frequent fairness, a measure of profitability, was 16%, a greater than 200 foundation level enchancment.
Correction: Bank of America beforehand guided to internet curiosity earnings development of between 5% and seven% this 12 months. A earlier model of this text misstated the vary.
