Bank of America Corporation (BAC) Earnings
Bank of America Corporation is expected to report next earnings on July 14, 2026 (in NaN days), with a consensus EPS estimate of $1.10. BAC has beaten EPS estimates in 11 of its last 11 reported quarters (average surprise +8.7% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 15, 2026 | $1.01 | $1.11 | +9.9% | $30.3B | +1.1% |
| Feb 25, 2026 | — | $1.01 | — | $46.9B | — |
| Oct 15, 2025 | $0.95 | $1.06 | +11.3% | $28.1B | +2.1% |
| Jul 16, 2025 | $0.86 | $0.89 | +3.5% | $26.5B | -1.0% |
| Apr 15, 2025 | $0.82 | $0.90 | +10.2% | $27.4B | +1.4% |
| Jan 16, 2025 | $0.78 | $0.82 | +5.1% | $25.3B | +0.9% |
| Oct 15, 2024 | $0.77 | $0.81 | +5.2% | $25.3B | +0.4% |
| Jul 16, 2024 | $0.80 | $0.83 | +3.7% | $25.4B | +0.6% |
| Apr 16, 2024 | $0.76 | $0.83 | +9.2% | $25.8B | +1.3% |
| Jan 12, 2024 | $0.69 | $0.70 | +1.4% | $22.0B | -4.1% |
| Oct 17, 2023 | $0.82 | $0.90 | +9.8% | $25.2B | +0.1% |
| Jul 18, 2023 | $0.84 | $0.88 | +4.8% | $25.2B | +0.6% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 15, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- There is an organic growth engine with a competitive position and serious moats that are hard to discern in daily operations. The company had EPS up 30% in the previous quarter, operating leverage of 600 basis points, revenue growth 10%, and expense growth 4%. - Showed competitive moats by highlighting technology spend and the complexity of running a global markets business with 50 regulators. - Mentioned unique programs for growth such as the employee banking investments program, local markets capabilities, international capabilities, and business banking for 50 million revenue companies and under. - Discussed efficiency initiatives with the aim to get the efficiency ratio back below 60% near - term into the high 50s and sustained operating leverage of 200 - 300 basis points, with headcount redeployment and AI impact on process improvement
Guidance
- Plans to get ROTC to the lower end in two years and the higher end in three years, with a progression year over year. - Fourth quarter investment banking fees are expected to be up about 4%, and markets are expected to be up 10% year over year. - Expense growth from 2024 to 2025 is expected to be around 4 - 4.5%
Segment performance
Consumer: In November, money movement across the platform was up 4.3% compared to November last year. The bottom tercile grew at a slower rate but still, the top tercile grew faster, and the middle one moved more. Credit quality improved. Commercial: Organic growth was 8% year over year. Wealth management: Recruiting experienced advisors, creating capacity for advisors, and having a training program. Markets: Expected 10% year - over - year growth in the fourth quarter, which would be the 15th - 16th consecutive quarter of linked quarter growth
Risks & headwinds
- Existential issues like derailments, kinetic wars, uncertain rate structure, hyperinflation, and debt. - Regulatory changes such as Basel III endgame G - SIB recalibration impact. - Competitive environment with peers' actions and regional bank consolidation risks
Analyst Q&A
Q: Anything of note in terms of early delinquencies and consumer asset quality divergence?
A: Spending rate is different from credit payment. There is no indication of consumer stress. Charge - offs in the consumer business are plugging along. Prime credit books are performing well.
Q: On loan growth in commercial and commercial real estate and OCC rescinded levered lending rules impact?
A: Commercial loan growth is 8% year over year. Commercial real estate is seeing the start of life in well - structured deals. OCC rescinded rules help in making credits and competing in the market.
Q: Key differentiator in growing card business?
A: Combined rewards program in preferred customers, where 1/3 of customers have 80% deposits and deep card penetration.
Q: What's different in growing wealth business?
A: Recruiting experienced advisors, creating capacity for advisors, having a training program, and having products like Merrill edge and robo - advisors like Maggie.
Q: Path to 10.5% CT1 target and inorganic growth?
A: Path involves growing into capital, possible step change with G - SIB recalibration. Inorganic growth is mainly in line of business oriented like payments firms, with no legal acquisition of deposit - holding franchises