Analyst Consensus ?
ConsensusBuy54 ratings
Bullish3564.8%
Neutral1833.3%
Bearish11.9%
Bank of America Corporation · BAC · FY2025 Q2 · Calendar Q3 2025
Bank of America: Record NII, digital gains, and CRE risks
The supplied analysis supports a constructive but qualified view: organic client activity, deposit growth, digital execution and AI investments are supporting earnings, while CRE credit costs, expenses and capital requirements limit the margin for error.
Reported Before market openNYSEFinancial Services
$381.44B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.89
Consensus $0.86
EPS surprise
+3.5%
Reported versus consensus
Reported revenue
$26.46B
Consensus $26.72B
Revenue surprise
-1.0%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-0.3%
Event window
SPY move
+0.3%
Same window
Abnormal move
-0.6%
Stock minus SPY
Volume
1.4×
Versus trailing sessions
Subsequent drift
+2.6%
Up to 20 sessions
BACSPY benchmark
Ask FN2 about BAC FY2025 Q2
Transcript, numbers and history already loaded
Why did BAC fall 0.3% after beating EPS estimates in FY2025 Q2?What changed in BAC's guidance and outlook in FY2025 Q2?Give me the bull and bear case for BAC after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis adds record NII, stronger deposit growth, expanded AI and digital evidence, and continued capital returns to the prior-quarter narrative. It also keeps CRE credit quality, expenses and regulatory capital as active areas of scrutiny.
Guidance delta
Management maintained its outlook and pointed to continued second-half NII growth, while emphasizing expense discipline.
Key takeaways
- Management described revenue growth, EPS growth and record NII, supported by deposits and client activity.
- AI and digital investments, including Erica and CashPro, were highlighted as efficiency and engagement drivers.
- Commercial real estate charge-offs and expense discipline remain the main counterweights to the constructive operating picture.
Management priorities
- Expand AI capabilities across consumer, commercial and operations
- Continue digital engagement and grow fully digitized households
- Maintain capital returns through share buybacks and dividends
- Manage credit, expenses and regulatory-capital requirements
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$54Current
$36Low
$55.96Average
$144High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 5, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Overweight | Overweight | Maintain | Oct 2, 2026 |
| Truist Securities | Buy | Buy | Maintain | Oct 1, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Oct 1, 2026 |
| UBS | Buy | Buy | Maintain | Aug 3, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Jul 15, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Jul 15, 2026 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Jul 15, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jul 15, 2026 |
| Baird | Neutral | Neutral | Maintain | Jul 15, 2026 |
| Oppenheimer | Perform | Outperform | Downgrade | Jun 30, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jun 29, 2026 |
| Citigroup | Buy | Buy | Maintain | Jun 23, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Apr 16, 2026 |
| Jefferies | Buy | Buy | Maintain | Apr 16, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Mar 23, 2026 |
| Freedom Broker | Buy | Buy | Maintain | Jan 22, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jan 15, 2026 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Jan 7, 2026 |
| HSBC | Hold | Buy | Downgrade | Jul 8, 2025 |
| Argus Research | Buy | Buy | Maintain | Apr 16, 2025 |
| Phillip Securities | Accumulate | Neutral | Upgrade | Oct 18, 2024 |
| Deutsche Bank | Buy | Hold | Upgrade | Sep 3, 2024 |
| BMO Capital | Market Perform | Market Perform | Maintain | Jul 18, 2024 |
| CFRA | Sell | Hold | Downgrade | Jul 16, 2024 |
| Seaport Global | Buy | Neutral | Upgrade | Jul 2, 2024 |
| Erste Group | Buy | Hold | Upgrade | Apr 3, 2024 |
| Odeon Capital | Hold | Buy | Downgrade | Jan 16, 2024 |
| Atlantic Equities | Neutral | Overweight | Downgrade | Jan 31, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Jul 19, 2022 |
| Societe Generale | Buy | Hold | Upgrade | Jul 11, 2022 |
| DA Davidson | Neutral | Buy | Downgrade | Jul 9, 2020 |
| Keefe Bruyette & Woods | Market Perform | Outperform | Downgrade | Sep 6, 2019 |
| Raymond James | Market Perform | Outperform | Downgrade | Aug 29, 2019 |
| Nomura | Buy | Buy | Maintain | Oct 16, 2017 |
| Berenberg | Hold | Buy | Downgrade | Apr 24, 2017 |
| Macquarie | Outperform | Neutral | Upgrade | Feb 16, 2017 |
| Standpoint Research | Hold | Buy | Downgrade | Dec 1, 2016 |
| Guggenheim | Neutral | Buy | Downgrade | Nov 15, 2016 |
| Compass Point | Neutral | Neutral | Maintain | Oct 11, 2016 |
| CLSA | Outperform | Outperform | Maintain | Sep 23, 2016 |
| Sandler O'Neill | Buy | Hold | Upgrade | Jan 20, 2016 |
| Bernstein | Outperform | Neutral | Upgrade | Aug 25, 2015 |
| Portales Partners | Sector Perform | Outperform | Downgrade | May 28, 2015 |
| FBR Capital | Outperform | Market Perform | Upgrade | Oct 16, 2014 |
| MKM Partners | Buy | Buy | Maintain | May 21, 2014 |
| SunTrust Robinson Humphrey | Neutral | Neutral | Maintain | Apr 25, 2014 |
| Scotiabank | Sector Outperform | Sector Perform | Upgrade | Mar 15, 2013 |
| Edward Jones | Buy | Hold | Upgrade | Mar 8, 2013 |
| Rafferty | Buy | Buy | Maintain | Feb 7, 2013 |
| ISI Group | Buy | Buy | Maintain | Jan 7, 2013 |
| Stifel Nicolaus | Buy | Hold | Upgrade | Nov 19, 2012 |
| Stifel | Buy | Hold | Upgrade | Nov 19, 2012 |
| Sterne Agee | Neutral | Neutral | Maintain | Oct 18, 2012 |
| Drexel Hamilton | Buy | Buy | Maintain | Oct 2, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $54. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Evercore ISI | Analyst unavailable | $62 | $54.43 | +14.8% | Oct 1, 2026 |
| UBS | Analyst unavailable | $70 | $61.95 | +29.6% | Aug 3, 2026 |
| Truist Financial | Analyst unavailable | $65 | $61.74 | +20.4% | Jul 15, 2026 |
| Argus Research | Stephen Biggar | $70 | $61.79 | +29.6% | Jul 15, 2026 |
| RBC Capital | Analyst unavailable | $65 | $60.62 | +20.4% | Jul 15, 2026 |
| Robert W. Baird | Analyst unavailable | $62 | $60.62 | +14.8% | Jul 15, 2026 |
| Wells Fargo | Analyst unavailable | $69 | $60.62 | +27.8% | Jul 15, 2026 |
| Jefferies | Analyst unavailable | $75 | $60.64 | +38.9% | Jul 14, 2026 |
| UBS | Analyst unavailable | $68 | $60.54 | +25.9% | Jul 7, 2026 |
| Evercore ISI | Analyst unavailable | $63 | $59.63 | +16.7% | Jul 6, 2026 |
| Wells Fargo | Analyst unavailable | $67 | $58.73 | +24.1% | Jul 6, 2026 |
| Morgan Stanley | Manan Gosalia | $67 | $57.96 | +24.1% | Jun 29, 2026 |
| Truist Financial | John McDonald | $64 | $57.66 | +18.5% | Jun 26, 2026 |
| Piper Sandler | Analyst unavailable | $59 | $54.23 | +9.3% | Apr 16, 2026 |
| Truist Financial | Analyst unavailable | $61 | $54.22 | +13.0% | Apr 16, 2026 |
| Oppenheimer | Analyst unavailable | $61 | $54.22 | +13.0% | Apr 16, 2026 |
| Truist Financial | John McDonald | $57 | $48.24 | +5.6% | Mar 26, 2026 |
| Morgan Stanley | Analyst unavailable | $64 | $52.88 | +18.5% | Jan 15, 2026 |
| Evercore ISI | Analyst unavailable | $59 | $52.6 | +9.3% | Jan 15, 2026 |
| Truist Financial | Analyst unavailable | $60 | $52.48 | +11.1% | Jan 15, 2026 |
| HSBC | Saul Martinez | $50 | $55.94 | -7.4% | Jan 7, 2026 |
| Truist Financial | Analyst unavailable | $62 | $56.89 | +14.8% | Jan 6, 2026 |
| Goldman Sachs | Richard Ramsden | $64 | $56.89 | +18.5% | Jan 6, 2026 |
| Barclays | Analyst unavailable | $71 | $55.95 | +31.5% | Jan 5, 2026 |
| Truist Financial | Analyst unavailable | $58 | $54.8 | +7.4% | Dec 18, 2025 |
| Morgan Stanley | Analyst unavailable | $68 | $54.72 | +25.9% | Dec 12, 2025 |
| Piper Sandler | Analyst unavailable | $56 | $54.08 | +3.7% | Dec 11, 2025 |
| Wells Fargo | Analyst unavailable | $62 | $52.57 | +14.8% | Oct 27, 2025 |
| Piper Sandler | Analyst unavailable | $55 | $52.28 | +1.9% | Oct 16, 2025 |
| UBS | Analyst unavailable | $57 | $50.28 | +5.6% | Oct 7, 2025 |
| Goldman Sachs | Analyst unavailable | $55 | $52.42 | +1.9% | Sep 30, 2025 |
| Morgan Stanley | Analyst unavailable | $66 | $52.21 | +22.2% | Sep 29, 2025 |
| Truist Financial | John McDonald | $56 | $52.16 | +3.7% | Sep 24, 2025 |
| RBC Capital | Analyst unavailable | $53 | $47.32 | -1.9% | Jun 30, 2025 |
| Argus Research | Stephen Biggar | $47 | $37.33 | -13.0% | Apr 16, 2025 |
| Robert W. Baird | Analyst unavailable | $50 | $41.4 | -7.4% | Mar 7, 2025 |
| Morgan Stanley | Betsy Graseck | $54 | $46.08 | +0.0% | Jan 7, 2025 |
| Oppenheimer | Chris Kotowski | $54 | $44.31 | +0.0% | Jan 3, 2025 |
| Goldman Sachs | Richard Ramsden | $48 | $42.95 | -11.1% | Oct 16, 2024 |
| Oppenheimer | Chris Kotowski | $50 | $42.14 | -7.4% | Oct 16, 2024 |
| Evercore ISI | Glenn Schorr | $45 | $42.14 | -16.7% | Oct 16, 2024 |
| Piper Sandler | Scott Siefers | $44 | $40.4 | -18.5% | Sep 3, 2024 |
| Deutsche Bank | Matt O'Connor | $45 | $40.75 | -16.7% | Sep 3, 2024 |
| CFRA | Kenneth Leon | $39 | $36.92 | -27.8% | Aug 6, 2024 |
| RBC Capital | Gerard Cassidy | $46 | $44.13 | -14.8% | Jul 17, 2024 |
| Goldman Sachs | Richard Ramsden | $45 | $44.27 | -16.7% | Jul 16, 2024 |
| Wedbush | Jay McCanless | $144 | $41 | +166.7% | Jul 9, 2024 |
| Piper Sandler | Scott Siefers | $42 | $40.62 | -22.2% | Jul 9, 2024 |
| Evercore ISI | Glenn Schorr | $43 | $40.93 | -20.4% | Jul 3, 2024 |
| Jefferies | Analyst unavailable | $41 | $40.9 | -24.1% | Jul 3, 2024 |
| Seaport Global | Jim Mitchell | $48 | $40.18 | -11.1% | Jul 2, 2024 |
| Evercore ISI | Mark Mahaney | $75 | $39.34 | +38.9% | Jun 14, 2024 |
| Piper Sandler | Scott Siefers | $37 | $39.88 | -31.5% | Jun 4, 2024 |
| Wolfe Research | Steven Chubak | $42 | $35.77 | -22.2% | Apr 19, 2024 |
| RBC Capital | Gerard Cassidy | $39 | $35.23 | -27.8% | Apr 17, 2024 |
| Oppenheimer | Chris Kotowski | $45 | $35.6 | -16.7% | Apr 17, 2024 |
| BMO Capital | James Fotheringham | $37 | $34.68 | -31.5% | Apr 17, 2024 |
| Robert W. Baird | David George | $38 | $34.68 | -29.6% | Apr 17, 2024 |
| Wells Fargo | Mike Mayo | $44 | $37.62 | -18.5% | Mar 28, 2024 |
| HSBC | Saul Martinez | $39 | $37.81 | -27.8% | Mar 28, 2024 |
| Morgan Stanley | Betsy Graseck | $41 | $34.79 | -24.1% | Jan 30, 2024 |
| Loop Capital Markets | James Fotheringham | $36 | $32.12 | -33.3% | Jan 16, 2024 |
| BMO Capital | James Fotheringham | $40 | $33.15 | -25.9% | Jan 12, 2024 |
| Loop Capital Markets | James Fotheringham | $40 | $27.59 | -25.9% | Oct 18, 2023 |
| HSBC | Saul Martinez | $35 | $27.02 | -35.2% | Oct 16, 2023 |
| Oppenheimer | Chris Kotowski | $47 | $30.01 | -13.0% | Apr 19, 2023 |
| Oppenheimer | Analyst unavailable | $53 | $35.92 | -1.9% | Feb 2, 2023 |
| Morgan Stanley | Betsy Graseck | $37 | $34.47 | -31.5% | Jan 13, 2023 |
| Oppenheimer | Analyst unavailable | $51 | $32.77 | -5.6% | Dec 28, 2022 |
| Piper Sandler | Analyst unavailable | $36 | $32.74 | -33.3% | Dec 8, 2022 |
| Morgan Stanley | Analyst unavailable | $38 | $33.42 | -29.6% | Dec 6, 2022 |
| RBC Capital | Analyst unavailable | $40 | $33.21 | -25.9% | Jul 19, 2022 |
| Credit Suisse | Analyst unavailable | $43 | $32.26 | -20.4% | Jul 19, 2022 |
| Goldman Sachs | Richard Ramsden | $39 | $32.26 | -27.8% | Jul 18, 2022 |
| Piper Sandler | Jeffery Harte | $47 | $31.79 | -13.0% | Jul 10, 2022 |
| Credit Suisse | Analyst unavailable | $45 | $32.31 | -16.7% | Jun 27, 2022 |
| Morgan Stanley | Betsy Graseck | $47 | $32.31 | -13.0% | Jun 24, 2022 |
| Morgan Stanley | Analyst unavailable | $47 | $32.08 | -13.0% | Jun 24, 2022 |
| RBC Capital | Analyst unavailable | $45 | $32.02 | -16.7% | Jun 14, 2022 |
| BMO Capital | Analyst unavailable | $38.95 | $39.5 | -27.9% | Apr 19, 2022 |
| BMO Capital | Analyst unavailable | $46 | $39.51 | -14.8% | Apr 19, 2022 |
| Citigroup | Keith Horowitz | $47 | $38.85 | -13.0% | Apr 19, 2022 |
| Jefferies | Ken Usdin | $43 | $37.57 | -20.4% | Apr 15, 2022 |
| Piper Sandler | Jeffery Harte | $51 | $39.67 | -5.6% | Apr 8, 2022 |
| Morgan Stanley | Betsy Graseck | $49 | $40.9 | -9.3% | Apr 2, 2022 |
| Robert W. Baird | David George | $42 | $38.59 | -22.2% | Mar 8, 2022 |
| Evercore ISI | Glenn Schorr | $52 | $45.53 | -3.7% | Jan 20, 2022 |
| Argus Research | Stephen Biggar | $55 | $45.53 | +1.9% | Jan 20, 2022 |
| Goldman Sachs | Richard Ramsden | $54 | $46.21 | +0.0% | Jan 19, 2022 |
| Piper Sandler | Jeffery Harte | $57 | $47.91 | +5.6% | Jan 16, 2022 |
| Citigroup | Keith Horowitz | $57 | $48.62 | +5.6% | Jan 12, 2022 |
| Wolfe Research | Steven Chubak | $49 | $47.76 | -9.3% | Jan 4, 2022 |
| Barclays | Jason Goldberg | $58 | $45.96 | +7.4% | Jan 3, 2022 |
| UBS | Erika Najarian | $64 | $44.27 | +18.5% | Dec 9, 2021 |
| Odeon Capital Group LLC | Richard Bove | $46.5 | $40.54 | -13.9% | Sep 13, 2021 |
| Credit Suisse | Susan Roth Katzke | $47 | $37.36 | -13.0% | Jul 16, 2021 |
| KBW | David Konrad | $40 | $39.48 | -25.9% | Jul 6, 2021 |
| Bank of America Securities | Gregg Gilbert | $48 | $42.13 | -11.1% | Jun 2, 2021 |
Track every rating change on BAC the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationOperating globally through its various subsidiaries, Bank of America Corporation offers a comprehensive range of banking and financial products and services. Its extensive clientele includes individual consumers, small and mid-market businesses, institutional investors, large corporations, and government bodies worldwide. The Consumer Banking division provides diverse options such as traditional and money market savings accounts, certificates of deposit, individual retirement accounts (IRAs), and both interest-bearing and non-interest-bearing checking accounts, in addition to investment products. This segment also issues credit and debit cards, originates residential mortgages and home equity loans, and offers direct and indirect financing for needs like automotive purchases, recreational vehicles, and personal loans. Within its Global Wealth & Investment Management segment, the company delivers investment management, brokerage, banking, and trust and retirement solutions.…
Historical context
All BAC earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FDS FactSet Research Systems Inc. | FY2026 Q4 · Calendar Q3 2026 | +3.9% | +3.8% | FactSet reports record FY26 results as AI and MCP adoption accelerate |
| PUK Prudential plc | FY2026 Q2 · Calendar Q3 2026 | -40.9% | -0.5% | Prudential sustains growth and capital returns focus in H1 2026 |
| CM Canadian Imperial Bank of Commerce | FY2026 Q3 · Calendar Q3 2026 | +8.9% | -2.8% | CIBC Q3: Broad growth, resilient credit and expanded AI rollout |
| TD The Toronto-Dominion Bank | FY2026 Q3 · Calendar Q3 2026 | +13.8% | +1.4% | TD emphasizes growth investments alongside disciplined capital management |
| RY Royal Bank of Canada | FY2026 Q3 · Calendar Q3 2026 | +6.2% | -1.3% | RBC reports record Q3 earnings while investing for growth |
| AFRM Affirm Holdings, Inc. | FY2026 Q4 · Calendar Q3 2026 | +1230.3% | +0.3% | Affirm's most profitable quarter shifts focus to product execution |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the BAC 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 · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:55.686058+00:00
- Polygon adjusted daily market bars · 2026-10-05T19:50:43.494717+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-05T19:50:43.491942+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.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
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 2026-10-05. For educational purposes only; not investment advice.