Analyst Consensus ?
ConsensusHold39 ratings
Bullish1948.7%
Neutral1846.2%
Bearish25.1%
Bank of America Corporation · BAC-PO · FY2026 Q1 · Calendar Q2 2026
Bank of America raises NII outlook after a strong Q1
The supplied analysis supports a constructive near-term operating picture: earnings and revenue beat expectations, net interest income and deposits grew, and management raised full-year NII growth guidance. The evidence remains incomplete for a longer-term conclusion because prior-quarter analysis and market-reaction data are unavailable.
Reported Session unavailableNYSEFinancial Services
$399.01B 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
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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-PO FY2026 Q1
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How did the market react to BAC-PO FY2026 Q1 earnings, and why?What changed in BAC-PO's guidance and outlook in FY2026 Q1?Give me the bull and bear case for BAC-PO after FY2026 Q1 earnings.
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Transcript intelligence
What changed
Bank of America reported Q1 revenue of $30.3 billion and EPS of $1.11, with net interest income up 9% year over year. Management raised full-year NII growth guidance to 6–8% and highlighted operating leverage, deposit growth, technology investment, and capital returns.
Guidance delta
Full-year net interest income growth guidance was raised to 6–8% after 9% year-over-year growth in Q1.
Key takeaways
- Revenue and EPS exceeded the supplied consensus figures, with growth across segments.
- Net interest income rose 9%, and full-year NII growth guidance increased to 6–8%.
- The efficiency ratio improved to 61% and ROTCE reached 16%.
- Deposits exceeded $2 trillion, while CET1 capital exceeded $200 billion.
Management priorities
- Invest in relationship managers and digital platforms.
- Expand AI and technology initiatives to improve productivity and client experience.
- Maintain disciplined expense growth while targeting 200–300 basis points of operating leverage for the year.
- Continue capital returns while monitoring CET1 and Basel III 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 |
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Start freeCompany context
Snapshot as of publicationBank of America Corporation, operating globally through its subsidiary entities, delivers a comprehensive suite of banking and financial services. Its clientele spans a broad spectrum, from individual consumers and small-to-mid-sized enterprises to major corporations, institutional investors, and governmental bodies. Within its Consumer Banking division, the company furnishes a wide array of offerings, including various savings options like traditional and money market accounts, certificates of deposit, and IRAs. Customers can also access both interest-bearing and non-interest-bearing checking accounts, investment vehicles, credit and debit cards, and a range of lending solutions. The latter category encompasses residential mortgages, home equity lines, and direct or indirect personal financing for items such as automobiles and recreational vehicles.…
Historical context
All BAC-PO earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| BLK BlackRock, Inc. | FY2026 Q3 · Calendar Q4 2026 | +11.2% | +0.7% | BlackRock Q3: Record inflows and AI financing lift growth |
| BML-PG Bank of America Corporation | FY2026 Q3 · Calendar Q4 2026 | 0.0% | — | Bank of America: Organic Growth Holds Despite Settlement Charge |
| BML-PJ Bank of America Corporation | FY2026 Q3 · Calendar Q4 2026 | 0.0% | — | Bank of America lifts NII outlook as lending and deposits grow |
| BAC-PL Bank of America Corporation | FY2026 Q3 · Calendar Q4 2026 | -17.3% | — | Bank of America posts solid organic growth despite settlement charge |
| 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 |
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.