Bank of America Corporation · BML-PG · FY2026 Q1 · Calendar Q2 2026

Bank of America: Strong Q1 with higher NII guidance

The supplied analysis supports a constructive near-term operating thesis: earnings and revenue beats, higher NII guidance, improving efficiency, loan and deposit growth, and strong fee activity point to resilient demand and execution. The thesis is tempered by questions about consumer growth, credit, regulation, and the durability of operating leverage.

Reported Session unavailableNYSEFinancial Services $328.38B 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 BML-PG FY2026 Q1

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

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Transcript intelligence

What changed

Compared with the supplied current-quarter analysis, management raised full-year NII growth guidance to 6%-8% and highlighted stronger efficiency, fee-based activity, loan and deposit growth, and continued AI deployment. No prior-quarter analysis was supplied, so a quarter-over-quarter comparison is unavailable.

Guidance delta

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

Key takeaways

  • Revenue and EPS exceeded the supplied estimates, supported by balanced segment growth.
  • ROTCE reached 16% and the efficiency ratio improved to 61%.
  • Deposits exceeded $2 trillion and loan balances grew nearly 9% year over year.
  • Investment banking fees rose 21% and Global Markets revenue increased 7%.
  • Asset quality remained benign, while office-loan exposure showed no new non-performing-asset inflows.

Management priorities

  • Continue disciplined technology and AI investment to improve efficiency.
  • Expand the relationship-manager footprint while maintaining headcount discipline.
  • Pursue organic growth across business lines and enhance product offerings.
  • Maintain dividend payouts and the share-repurchase program.

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Earnings History

Estimate Beat Miss Match
BML-PG EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 4 future estimate-only quarters. Q1 '24 actual $0.83, None Q2 '24 actual $0.87, None Q2 '25 estimate $0.86 Q2 '25 actual $0.93, beat Q3 '25 estimate $0.95 Q3 '25 actual $1.10, beat Q4 '25 estimate $0.96 Q4 '25 actual $0.98, beat Q1 '26 estimate $1.01 Q1 '26 actual $1.11, beat Q2 '26 estimate $1.13 Q2 '26 actual $1.21, beat Q3 '26 estimate $1.10 Q3 '26 actual $1.10, match Q4 '26 estimate $1.15 Q1 '27 estimate $1.24 Q2 '27 estimate $1.34 Q3 '27 estimate $1.33
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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, 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 BML-PG 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
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
MS-PF Morgan Stanley FY2026 Q3 · Calendar Q4 2026 +3.4% — Morgan Stanley: Wealth flows and AI financing drive record Q3

Latest beats and misses

Who reports next

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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.