Bank of America Corporation · BAC-PP · 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: loan and deposit growth, fee businesses, stronger net interest income, and improved efficiency were accompanied by higher full-year NII guidance. The main test is whether expense discipline, funding costs, credit quality, and capital returns remain consistent with that outlook.

Reported Session unavailableNYSEFinancial Services $401.34B 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-PP FY2026 Q1

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

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Transcript intelligence

What changed

The quarter added a higher 6%-8% full-year NII growth outlook, improved operating leverage, and management's estimate of approximately $100 billion of balance-sheet 'puffiness' that can be reduced over time. Management also reported no new inflows of nonperforming assets into office-loan exposures for the first time in more than three years.

Guidance delta

Management raised full-year net interest income growth guidance to 6%-8%.

Key takeaways

  • Revenue and EPS exceeded expectations, supported by loan and deposit growth and fee businesses.
  • Net interest income growth prompted higher full-year guidance.
  • Efficiency improved, with a 61% efficiency ratio and 16% ROTCE.
  • Management reported solid deposits and faster loan growth, led by commercial portfolios.
  • Capital remained strong, while credit and regulatory risks remain watchpoints.

Management priorities

  • Invest in relationship managers and branch expansion.
  • Accelerate technology and AI deployments to improve productivity.
  • Expand wealth-management adviser headcount while managing attrition.
  • Continue dividends and share repurchases.
  • Reduce low-yielding funding sources as balance-sheet composition evolves.

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Earnings History

Estimate Beat Miss Match
BAC-PP REVENUE earnings history estimate and actual scatter chart 9 reported fiscal quarters and 4 future estimate-only quarters. Q1 '24 actual $49B, None Q2 '24 actual $50B, None Q2 '25 estimate $28B Q2 '25 actual $47B, beat Q3 '25 estimate $28B Q3 '25 actual $13B, miss Q4 '25 estimate $28B Q4 '25 actual $28B, beat Q1 '26 estimate $30B Q1 '26 actual $30B, beat Q2 '26 estimate $31B Q2 '26 actual $32B, beat Q3 '26 estimate $31B Q3 '26 actual $30B, miss Q4 '26 estimate $31B Q1 '27 estimate $33B Q2 '27 estimate $33B Q3 '27 estimate $33B
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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

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Company context

Snapshot as of publication

Bank of America Corporation, operating globally through its various divisions, delivers a comprehensive suite of banking and financial solutions. Its extensive client base includes individual consumers, small and mid-sized enterprises, institutional investors, major corporations, and governmental entities across the globe. The company's Consumer Banking division caters to individuals with a range of deposit products, such as standard savings, money market accounts, certificates of deposit (CDs), and IRAs, alongside both interest-bearing and non-interest-bearing checking options. This segment also provides investment accounts, credit and debit cards, residential mortgages, home equity loans, and various direct and indirect lending solutions, including those for automobiles, recreational vehicles, and personal needs. Under its Global Wealth & Investment Management arm, Bank of America delivers a spectrum of services encompassing investment management, brokerage, general banking, trust services, and retirement planning.…

Historical context

All BAC-PP 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

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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

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.