{"id":4005,"date":"2026-04-15T11:44:39","date_gmt":"2026-04-15T11:44:39","guid":{"rendered":"https:\/\/www.finznest.com\/blog\/bank-of-america-bac-earnings-q1-2026\/"},"modified":"2026-04-15T11:44:39","modified_gmt":"2026-04-15T11:44:39","slug":"bank-of-america-bac-earnings-q1-2026","status":"publish","type":"post","link":"https:\/\/www.finznest.com\/blog\/bank-of-america-bac-earnings-q1-2026\/","title":{"rendered":"Bank of America (BAC) earnings Q1 2026"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108291623\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108291623\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000409722\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><span class=\"InlineVideo-videoButton\"\/><span\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">Bank of America<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, the nation&#8217;s second-largest lender, beat on the top and bottom lines during the first quarter, bolstered by equities sales and trading.<\/p>\n<p>Here&#8217;s what the firm reported:<\/p>\n<ul>\n<li>Earnings per share: $1.11 per share vs. $1.01 LSEG estimate<\/li>\n<li>Revenue: $30.43 billion vs. $29.93 billion estimate<\/li>\n<\/ul>\n<p>The bank said Wednesday that net income rose 17% to $8.6 billion, or $1.11 per share, Bank of America&#8217;s highest EPS in almost two decades.<\/p>\n<p>Revenue rose 7.2% to $30.43 billion on rising net interest income, higher trading revenue, and fees from investment banking and asset management. <\/p>\n<div class=\"ArticleBody-blockquote\">\n<p>Tune in at 10:15 a.m. ET as Bank of America CEO Brian Moynihan joins CNBC TV to discuss the bank&#8217;s earnings report. Watch in real time on CNBC+ or the CNBC Pro stream.<\/p>\n<\/div>\n<p>Equities trading contributed to the beat, as the geopolitical environment roiled stock markets. Revenue in that business jumped 30% to $2.83 billion, topping the StreetAccount estimate by roughly $350 million and helping drive the bank&#8217;s trading operations to its best quarter in 15 years.<\/p>\n<p>Investment banking also beat estimates and was up 21% to $1.8 billion, compared with StreetAccount consensus of $1.73 billion. <\/p>\n<p>Net interest income, the profitability metric for loan-making, increased by 9% to $15.9 billion and beat expectations of $15.67 billion as well, according to StreetAccount. That was due to higher loan and deposit balances, fixed-rate asset repricing and markets activity.<\/p>\n<p>In a sign that the bank&#8217;s borrowers weren&#8217;t deteriorating, the firm posted a $1.3 billion provision for credit losses in the quarter, lower than the $1.5 billion provision in the year earlier period and about $190 million below the estimate.<\/p>\n<p>&#8220;We remain watchful of evolving risks. However, we saw healthy client activity, including solid consumer spending and stable asset quality, indicating a resilient American economy,&#8221; Bank of America CEO Brian Moynihan said in the release.<\/p>\n<p>Still, like rival Goldman Sachs, the bank&#8217;s fixed income revenue came in below expectations. That business generated about $3.5 billion in revenue, missing the StreetAccount estimate by about $330 million.<\/p>\n<p>The net-charge-off ratio, showing what proportion of total loans were deemed unable to be collected, improved 6 basis points during the quarter to 0.48%. The firm&#8217;s consumer banking and global wealth divisions each gained more than 20% in net income.<\/p>\n<p>Return on tangible common equity, a measure of profitability, was 16%, a more than 200 basis point improvement.<\/p>\n<p><em>\u2014 CNBC&#8217;s Hugh Son and Laya Neelakandan contributed to this report.<\/em> <\/p>\n<p><em>Correction: Bank of America previously guided to net interest income growth of between 5% and 7% this year. A previous version of this article misstated the range. And the firm&#8217;s consumer banking and global wealth divisions each gained more than 20% in net income. A previous version misstated the growth metric.<\/em> <\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bank of America, the nation&#8217;s second-largest lender, beat on the top and bottom lines during the first quarter, bolstered by equities sales and trading. Here&#8217;s what the firm reported: Earnings per share: $1.11 per share vs. $1.01 LSEG estimate Revenue: $30.43 billion vs. $29.93 billion estimate The bank said Wednesday that net income rose 17% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[530,1088,354,213],"class_list":["post-4005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-america","tag-bac","tag-bank","tag-earnings"],"_links":{"self":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/4005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/comments?post=4005"}],"version-history":[{"count":0,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/4005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media\/4006"}],"wp:attachment":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media?parent=4005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/categories?post=4005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/tags?post=4005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}