Bank of America (BAC) earnings Q1 2026
CNBC • • general
Key Points:
- Bank of America reported first-quarter earnings per share of $1.11, surpassing the $1.01 estimate, with net income rising 17% to $8.6 billion, marking its highest EPS in nearly 20 years.
- Revenue increased 7.2% to $30.43 billion, driven by higher net interest income, trading revenue, and fees from investment banking and asset management.
- Equities trading revenue surged 30% to $2.83 billion, contributing significantly to the bank's best trading quarter in 15 years, while investment banking revenue rose 21% to $1.8 billion.
- Net interest income grew 9% to $15.9 billion due to higher loan and deposit balances and asset repricing, with credit losses provisions declining to $1.3 billion, indicating stable asset quality.
- Despite strong performance in most areas, fixed income revenue of $3.5 billion fell short of estimates by $330 million, though overall profitability improved with a 16% return on tangible common equity.
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