Bank of America Corporation · BAC-PB · FY2026 Q3 · Calendar Q4 2026
Bank of America lifts 2027 NII target despite settlement charge
Bank of America’s Q3 analysis supports a constructive operating trajectory: deposit and loan growth, improving credit quality, and an 8%+ 2027 NII target point to resilient underlying demand. The conclusion is tempered by the regulatory settlement charge, remediation work, capital questions, and unavailable market-reaction data.
Earnings scorecard
Reported versus consensusMarket reaction
unavailableAsk FN2 about BAC-PB FY2026 Q3
Transcript, numbers and history already loadedFree account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current quarter added a $1.2 billion non-tax-deductible regulatory settlement charge, introduced a commercial-banking GenAI prospecting and onboarding tool, and raised the medium-term 2027 NII growth target to 8% or more. Deposits reached $2 trillion, loans reached $1.25 trillion, and NII rose 8% year over year.
Guidance delta
Management raised its medium-term net interest income growth target to 8% or more for 2027, from a prior 5%-7% range.
Key takeaways
- Q3 net income was $6.9 billion, or $8.1 billion adjusted, with a $1.2 billion non-tax-deductible regulatory settlement charge.
- Deposits reached $2 trillion and loans $1.25 trillion; commercial loans rose 8% year over year.
- Net interest income increased 8% year over year to $16.6 billion, while credit metrics improved.
- Management cited consumer spending, card usage, commercial demand, wealth flows, and AI-enabled tools as growth drivers.
Management priorities
- Expand loans and deposits while maintaining a low loan-to-deposit ratio.
- Roll out additional AI and GenAI tools across banking and wealth platforms.
- Continue approximately $4 billion of annual technology-modernization investment.
- Open roughly 20 new consumer financial centers by year-end.
Follow BAC-PB with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeCompany context
Snapshot as of publicationBank 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.…
Financial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| MS-PO Morgan Stanley | FY2026 Q3 · Calendar Q4 2026 | — | — | Morgan Stanley: Wealth flows and equities lead a strong Q3 |
| MS-PE Morgan Stanley | FY2026 Q3 · Calendar Q4 2026 | — | — | Morgan Stanley: Wealth flows and AI financing drive a strong Q3 |
| MS-PL Morgan Stanley | FY2026 Q3 · Calendar Q4 2026 | — | — | Morgan Stanley: Record Q3, strong wealth flows and AI ambitions |
| MS-PA Morgan Stanley | FY2026 Q3 · Calendar Q4 2026 | — | — | Morgan Stanley: Record Q3, strong flows, higher AI investment |
| BAC-PS Bank of America Corporation | FY2026 Q3 · Calendar Q4 2026 | — | — | Bank of America pairs loan growth with higher technology investment |
| BAC-PP Bank of America Corporation | FY2026 Q3 · Calendar Q4 2026 | — | — | BofA: Core Banking Growth Offsets Markets Weakness and Settlement Charge |
Latest beats and misses
Who reports nextBeat 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
- Earnings call transcript and parsed analysis · 2026-10-14T18:03:52.407773+00:00
- FN2 earnings calendar · 2026-10-14T01:23:13.658205+00:00
- Polygon adjusted daily market bars
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-14T21:10:41.799419+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 2026-10-14. For educational purposes only; not investment advice.