Bank of America Corporation: Miss — EPS $1.08, Revenue $30B
Earnings MissQ3 2026 · Pre-market
@trystockwhiz
Did Bank of America Corporation (BAC) beat earnings today?
No, Bank of America Corporation (BAC) missed Wall Street analyst expectations for Q3 2026, reporting lower-than-expected EPS and lower-than-expected revenue.
Earnings Per Share-1.82% surprise
$1.08Actual
Expected: $1.10
vs. year ago -12.5%
Total Revenue-1.77% surprise
$30BActual
Expected: $30.54B
vs. year ago +3.0%
Released Oct 14 · 6:48 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $30.00B | $29.00B | +3.0% |
| Revenue detail — reported lines | |||
| └─Consumer Banking | $11.57B | $11.17B | +4.0% |
| └─Global Wealth and Investment Management | $7.12B | $6.31B | +13.0% |
| └─Global Banking | $6.21B | $6.19B | +0.3% |
| └─Global Markets | $5.87B | $6.22B | -6.0% |
| └─All Other | ($643.00M) | ($698.00M) | - |
| Net Income | $6.90B | $8.30B | -16.9% |
| GAAP Diluted EPS | $0.91 | $1.04 | -12.5% |
| Adjusted EPS | $1.08 | - | - |
Business Highlights
- ➤Added 200K+ net new consumer checking accounts, marking 31 consecutive quarters of net growth.
- ➤Launched BofA Rewards enrollment, with approximately 4 million new enrollments in 3Q26.
- ➤More than 200,000 teammates use AI tools across 300-plus approved use cases.
- ➤Returned $8.3B to shareholders through common dividends and repurchases.
- ➤Consumer Banking recorded 4.2B digital logins and 71% digitally-enabled sales.
- ➤Merrill and Private Bank added approximately 5K net new $500K+ relationships.
- ➤CashPro App Payments reached $358B; CashPro Chat logged 41.1K interactions.
- ➤Global Banking serves 78% of Global Fortune 500 and 96% of U.S. Fortune 1,000.
- ➤Global Markets research platform covers 3,600+ companies and 1,400+ corporate bond issuers.
- ➤Bank of America maintained No. 1 positions in U.S. consumer deposits and small-business lending.
- ➤Merrill received WealthManagement.com recognition for Practice Management.
- ➤Global Markets earned Global Derivatives House of the Year recognition.
Management Commentary
Brian Moynihan, Chair and CEO
“The team delivered organic growth, deepening client relationships and adding new ones. While investment banking and sales and trading revenues were lower, commercial lending grew in every client segment. Our momentum, reflected in growth in client deposits, wealth flows and consumer activity, supported solid earnings, balance-sheet growth and long-term shareholder value.”
Brian Moynihan, Chair and CEO
“Our disciplined investments in AI are helping teammates serve clients better, work faster and manage risk more effectively. With more than 200,000 teammates using AI tools and 300-plus approved use cases across the company, we are turning our scale into a competitive advantage.”
Alastair Borthwick, Executive Vice President and CFO
“We saw healthy activity from our consumer, wealth management, business and commercial clients. Organic growth helped drive higher revenue and solid earnings. Net interest income grew 8% from last year, supported by continued year-over-year and sequential improvement in net interest yield, while asset management fees rose 17%. Asset quality continued to improve and liquidity and capital remained strong. This helped enable us to invest for growth and return $8.3 billion to shareholders through common stock dividends and share repurchases.”