Analyst Consensus ?
ConsensusHold39 ratings
Bullish1948.7%
Neutral1846.2%
Bearish25.1%
Bank of America Corporation · BAC-PS · FY2026 Q1 · Calendar Q2 2026
Bank of America posts Q1 beat and raises net interest income outlook
The quarter supports a constructive operating picture: earnings beat expectations, net interest income growth led to higher full-year guidance, and improved efficiency and capital strength provide support. The durability of that trajectory depends on sustaining deposit and loan growth, operating leverage, ROTCE, and trading-revenue quality.
Reported Session unavailableNYSEFinancial Services
$328.20B 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
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Same window
Abnormal move
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Stock minus SPY
Volume
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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-PS FY2026 Q1
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How did the market react to BAC-PS FY2026 Q1 earnings, and why?What changed in BAC-PS's guidance and outlook in FY2026 Q1?Give me the bull and bear case for BAC-PS after FY2026 Q1 earnings.
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Transcript intelligence
What changed
The main change was a stronger net interest income outlook: quarterly NII rose 9% and full-year NII growth guidance was raised to 6–8%. The analysis also highlighted improved operating leverage, deposits above $2 trillion, nearly 9% loan growth, and expanded AI-tool availability.
Guidance delta
Management raised full-year net interest income growth guidance to 6–8% after a 9% year-over-year increase in the quarter.
Key takeaways
- Revenue and EPS exceeded expectations, with growth reported across all segments.
- Net interest income increased 9%, supporting higher full-year guidance.
- The efficiency ratio improved to 61% and ROTCE reached 16%.
- Deposits exceeded $2 trillion and loan balances grew nearly 9%.
- Management highlighted technology and AI investment alongside capital returns.
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 against regulatory requirements.
- Monitor Basel III Endgame and G-SIB framework 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-PS the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationBank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services.…
Historical context
All BAC-PS earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| 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
- 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.