Bank of America Corporation · BAC-PB · FY2026 Q1 · Calendar Q2 2026

Bank of America beats estimates and raises full-year NII growth outlook

Bank of America’s quarter supports a constructive operating thesis: earnings and revenue beat expectations, net interest income accelerated, and management raised its full-year NII growth outlook. The thesis still depends on sustaining deposit and loan growth, operating leverage, and returns while navigating capital and macro risks.

Reported Session unavailableNYSEFinancial Services $350.88B market cap
75quality score

Earnings scorecard

Reported versus consensus
Reported EPS $1.11 Consensus $1.01
EPS surprise +9.9% Reported versus consensus
Reported revenue $30.27B Consensus $29.95B
Revenue surprise +1.1% Reported versus consensus

Market reaction

unavailable
Stock move — Event window
SPY move — Same window
Abnormal move — Stock minus SPY
Volume — Versus trailing sessions
Subsequent drift — Up to 20 sessions
Price and volume data were unavailable at publication time.

Ask FN2 about BAC-PB FY2026 Q1

Transcript, numbers and history already loaded
How did the market react to BAC-PB FY2026 Q1 earnings, and why?What changed in BAC-PB's guidance and outlook in FY2026 Q1?Give me the bull and bear case for BAC-PB after FY2026 Q1 earnings.

Free account. Your question opens in FN2 with this report's transcript and numbers attached.

Transcript intelligence

What changed

The quarter delivered a 9% year-over-year increase in net interest income, improved operating leverage, and stronger deposits and loans. Management raised full-year NII growth guidance to 6%–8%; the supplied facts do not provide a prior-quarter analysis or an available market-reaction measurement.

Guidance delta

Management raised full-year net interest income growth guidance to 6%–8%, following 9% year-over-year growth in the quarter.

Key takeaways

  • Revenue and EPS exceeded estimates, with growth across the bank’s segments.
  • Net interest income increased 9% year over year and drove higher full-year guidance.
  • The efficiency ratio improved to 61% and ROTCE reached 16%.
  • Deposits exceeded $2 trillion while loan balances grew nearly 9%.
  • Management cited technology and AI investment as productivity initiatives.

Management priorities

  • Expand relationship-manager and digital-platform investment.
  • Use AI and technology initiatives to improve productivity and client experience.
  • Maintain disciplined expense growth while targeting 200–300 basis points of operating leverage.
  • Continue capital returns while monitoring CET1 and regulatory requirements.
  • Adapt to Basel III Endgame and G-SIB framework developments.

Follow BAC-PB with an agent that reads every filing, transcript, and price print. Free to start.

Try FN2 free

Earnings History

Estimate Beat Miss Match
BAC-PB EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 4 future estimate-only quarters. Q4 '23 actual $0.39, None Q1 '24 actual $0.83, None Q2 '24 actual $0.87, None Q2 '25 estimate $0.86 Q2 '25 actual $0.93, beat Q3 '25 estimate $0.95 Q3 '25 actual $1.10, beat Q4 '25 estimate $0.96 Q4 '25 actual $0.98, beat Q1 '26 estimate $1.01 Q1 '26 actual $1.11, beat Q2 '26 estimate $1.13 Q2 '26 actual $1.21, beat Q3 '26 estimate $1.10 Q3 '26 actual $1.10, match Q4 '26 estimate $1.15 Q1 '27 estimate $1.24 Q2 '27 estimate $1.34 Q3 '27 estimate $1.33
Show less

Analyst Consensus ?

ConsensusHold39 ratings
Bullish1948.7%
Neutral1846.2%
Bearish25.1%

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Oppenheimer Outperform OutperformMaintainOct 17, 2023
BMO Capital Market Perform Market PerformMaintainOct 17, 2023
Morgan Stanley Equal Weight Equal WeightMaintainOct 2, 2023
Piper Sandler Underweight UnderweightMaintainSep 14, 2023
RBC Capital Outperform OutperformMaintainSep 11, 2023
Show 34 more rating actions

Named analyst price targets

Upside is unavailable because neither a positive current snapshot nor previous close is persisted. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Morgan StanleyAnalyst unavailable$40$25.59 -Jul 12, 2022

Track every rating change on BAC-PB the moment it posts. Free to start.

Start free

Company context

Snapshot as of publication

Bank of America Corporation, founded in 1784 and headquartered in Charlotte, North Carolina, operates globally through its subsidiaries. It delivers an extensive array of banking and financial products and services to a diverse clientele, encompassing individual consumers, small and mid-market businesses, institutional investors, large corporations, and governmental entities worldwide. Its Consumer Banking division provides a wide range of deposit accounts, including traditional and money market savings, certificates of deposit, and IRAs, alongside interest-bearing and non-interest-bearing checking accounts, and various investment products. This segment also issues credit and debit cards and offers diverse lending solutions such as residential mortgages, home equity loans, and direct or indirect consumer loans for vehicles (automotive, recreational) and personal use.…

Historical context

All BAC-PB earnings
—FY2026 Q3 · Calendar Q4 2026—FY2026 Q2 · Calendar Q3 2026

Financial Services peers this season

Latest reports in the same sector
CompanyQuarterEPS surpriseMarket moveHeadline
STT State Street Corporation FY2026 Q3 · Calendar Q4 2026 +0.3% -4.1% State Street raises growth outlook as fee revenue reaches a record
STT-PG State Street Corporation FY2026 Q3 · Calendar Q4 2026 +0.3% — State Street posts strong Q3 and raises fee, NII guidance
MS-PO Morgan Stanley FY2026 Q3 · Calendar Q4 2026 +3.4% — Morgan Stanley Q3: Record Wealth Flows and AI Financing Focus
MS-PE Morgan Stanley FY2026 Q3 · Calendar Q4 2026 +3.4% — Morgan Stanley Q3: Wealth flows and AI financing support growth
MS-PL Morgan Stanley FY2026 Q3 · Calendar Q4 2026 +3.4% — Morgan Stanley Q3: Record flows strengthen the integrated-firm case
MS-PA Morgan Stanley FY2026 Q3 · Calendar Q4 2026 +3.4% — Morgan Stanley posts record Q3 as wealth and institutional growth broaden

Latest beats and misses

Who reports next

Beat on EPS

Missed on EPS

Get the BAC-PB recap when the next report posts

One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.

Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-15T11:10:43.564405+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-15. For educational purposes only; not investment advice.