Analyst Consensus ?
ConsensusHold39 ratings
Bullish1948.7%
Neutral1846.2%
Bearish25.1%
Bank of America Corporation · BAC-PL · FY2026 Q1 · Calendar Q2 2026
Bank of America raises NII outlook after strong Q1 2026
Bank of America’s Q1 results support a constructive operating trajectory: earnings growth, deposit and loan expansion, higher net interest income and improved operating leverage were accompanied by stronger full-year NII guidance. The durability of that trajectory depends on consumer growth, capital requirements and the sustainability of ROTCE.
Reported Session unavailableNYSEFinancial Services
$459.25B 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
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Up to 20 sessions
Price and volume data were unavailable at publication time.
Ask FN2 about BAC-PL FY2026 Q1
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How did the market react to BAC-PL FY2026 Q1 earnings, and why?What changed in BAC-PL's guidance and outlook in FY2026 Q1?Give me the bull and bear case for BAC-PL after FY2026 Q1 earnings.
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Transcript intelligence
What changed
The quarter combined an earnings beat with a higher full-year NII growth outlook. Management also highlighted 200,000 employees with access to AI tools and about 1,070 fewer employees, while noting continued investment in technology and productivity.
Guidance delta
Management raised full-year net interest income growth guidance to 6–8% after 9% year-over-year growth in Q1.
Key takeaways
- Revenue rose 7% year over year to $30.3 billion and EPS increased 25% to $1.11.
- Net interest income grew 9%; deposits exceeded $2 trillion and loan balances grew nearly 9%.
- Efficiency improved to 61% and ROTCE reached 16%, while capital returns totaled $9.2 billion.
Management priorities
- Invest in relationship managers, digital platforms, technology and AI.
- Maintain disciplined expense growth and target 200–300 basis points of operating leverage for the year.
- Continue capital returns while monitoring CET1 and regulatory developments.
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Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Oppenheimer | Outperform | Outperform | Maintain | Oct 17, 2023 |
| BMO Capital | Market Perform | Market Perform | Maintain | Oct 17, 2023 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Oct 2, 2023 |
| Piper Sandler | Underweight | Underweight | Maintain | Sep 14, 2023 |
| RBC Capital | Outperform | Outperform | Maintain | Sep 11, 2023 |
| Wells Fargo | Overweight | Overweight | Maintain | Aug 22, 2023 |
| Citigroup | Neutral | Neutral | Maintain | Jun 13, 2023 |
| Evercore ISI Group | Outperform | Outperform | Maintain | May 11, 2023 |
| Keefe, Bruyette & Woods | Underperform | Underperform | Maintain | Apr 18, 2023 |
| Barclays | Overweight | Overweight | Maintain | Apr 11, 2023 |
| JP Morgan | Overweight | Overweight | Maintain | Apr 9, 2023 |
| Goldman Sachs | Buy | Buy | Maintain | Apr 2, 2023 |
| Odeon Capital | Hold | Buy | Downgrade | Mar 7, 2023 |
| Atlantic Equities | Neutral | Overweight | Downgrade | Jan 30, 2023 |
| Deutsche Bank | Hold | Buy | Downgrade | Jan 5, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Jul 18, 2022 |
| Societe Generale | Buy | Hold | Upgrade | Jul 10, 2022 |
| Baird | Neutral | Underperform | Upgrade | Mar 7, 2022 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Oct 6, 2021 |
| DA Davidson | Neutral | Buy | Downgrade | Jul 8, 2020 |
| UBS | Neutral | Neutral | Maintain | May 3, 2020 |
| CFRA | Buy | Buy | Maintain | Apr 14, 2020 |
| Raymond James | Market Perform | Outperform | Downgrade | Aug 28, 2019 |
| Jefferies | Hold | Buy | Downgrade | Apr 16, 2019 |
| Nomura | Buy | Buy | Maintain | Oct 15, 2017 |
| Berenberg | Hold | Buy | Downgrade | Apr 23, 2017 |
| Macquarie | Outperform | Neutral | Upgrade | Feb 15, 2017 |
| Standpoint Research | Hold | Buy | Downgrade | Nov 30, 2016 |
| Guggenheim | Neutral | Buy | Downgrade | Nov 14, 2016 |
| CLSA | Outperform | Outperform | Maintain | Sep 22, 2016 |
| Bernstein | Outperform | Neutral | Upgrade | Aug 24, 2015 |
| Portales Partners | Sector Perform | Outperform | Downgrade | May 27, 2015 |
| FBR Capital | Outperform | Market Perform | Upgrade | Oct 15, 2014 |
| SunTrust Robinson Humphrey | Neutral | Neutral | Maintain | Apr 24, 2014 |
| Scotiabank | Sector Outperform | Sector Perform | Upgrade | Mar 14, 2013 |
| Edward Jones | Buy | Hold | Upgrade | Mar 7, 2013 |
| ISI Group | Buy | Buy | Maintain | Jan 6, 2013 |
| Stifel | Buy | Hold | Upgrade | Nov 18, 2012 |
| Sterne Agee | Neutral | Neutral | Maintain | Oct 17, 2012 |
Track every rating change on BAC-PL the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationBank of America Corporation, founded in 1784 and headquartered in Charlotte, North Carolina, operates as a global financial institution delivering a comprehensive array of banking and financial services. Its diverse client base includes individual consumers, small and mid-sized businesses, institutional investors, large corporations, and governments worldwide. The company organizes its operations across four primary divisions: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment provides a full spectrum of personal financial products. These include various savings and checking accounts (such as traditional, money market, non-interest-bearing, and interest-bearing options), certificates of deposit, individual retirement accounts, and investment accounts.…
Historical context
All BAC-PL earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| BML-PJ Bank of America Corporation | FY2026 Q3 · Calendar Q4 2026 | 0.0% | — | Bank of America lifts NII outlook as lending and deposits grow |
| MS-PK Morgan Stanley | FY2026 Q3 · Calendar Q4 2026 | +3.4% | — | Morgan Stanley: Strong Q3, AI and wealth-management momentum |
| MS-PP Morgan Stanley | FY2026 Q3 · Calendar Q4 2026 | +3.4% | — | Morgan Stanley Q3: Wealth flows and AI advisory drive strong results |
| MS-PI Morgan Stanley | FY2026 Q3 · Calendar Q4 2026 | +3.4% | — | Morgan Stanley Q3: Wealth Management and AI Advisory Lead Growth |
| MS-PQ Morgan Stanley | FY2026 Q3 · Calendar Q4 2026 | +3.4% | — | Morgan Stanley Q3: Wealth flows and AI financing support record results |
| MS Morgan Stanley | FY2026 Q3 · Calendar Q4 2026 | +3.4% | -2.7% | Morgan Stanley Q3: Wealth Flows and AI Advisory Lead Growth |
Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars
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.