Sep 2026 (Q3 FY26) — Oct 14, 2026
Bank of America Q3 FY26 — Strong Core Banking Performance Offsets Regulatory Charge and Market Headwinds
Read the full callBank of America (BAC) earnings
- Jun 2026
- Sep 2026 (Q3 FY26)
- Dec 2025
Bank of America earnings: last reported Wed, 14 Oct 2026, for the quarter ended Sep 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 31,558 | +15.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 9,074 | +26.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
7 of 13 judged targets kept · 14 open · verdicts reflect calls analysed to Sep 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Net Interest Income (NII) growth | 5% to 7% growth | Sep 2025 | still expect to hit that full year revised NII growth guidance of approximately 8%. | Revised Up |
| AI project pipeline investment | $700 million | Sep 2026 | We expect that number to go from the $250 million, $300 million this year to $700 million next year in terms of projects we put in the pipeline | New |
6 of BANK OF AMERICA CORP /DE/'s 27 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 25 more targets are in the full ledger.
Claimed
- Adjusted net income of $8.1 billion or $1.08 per share, up from last year, excluding a regulatory settlement charge.
- Net interest income (NII) reached $16.6 billion, up 8% year-over-year and $450 million from Q2.
- Loans grew for 10 consecutive quarters, up $34 billion to $1.25 trillion, with commercial loans up 8% YoY.
- Deposits increased $14 billion from Q2 to over $2 trillion, with noninterest-bearing deposits accounting for over 75% of YoY growth.
- Wealth Management client balances climbed above $5 trillion for the first time, with AUM up 12% to $2.4 trillion.
Qualified
- Reported net income of $6.9 billion or $0.91 per share, impacted by a $1.2 billion ($0.17 per share) non-tax deductible regulatory settlement charge.
- Sales and trading revenue (excluding DVA) was $5.1 billion, down 5% year-over-year, driven by lower FICC activity.
- Investment Banking revenue declined from a strong year-ago period, driven by lower advisory and debt underwriting fees.
- CET1 ratio decreased by 35 basis points from Q2 to 10.9%, primarily due to higher funded/unfunded loans and AOCI impact.
Price
$50.39 −1.64% · −$0.84
Performance −1.7% 1Y
1Y: $51.28 on 17 Oct 2025 → $50.39. High $64.81 (12 Aug 2026), low $46.72 (13 Mar 2026).
- Previous close
- $51.23
- 52-week range
- $46.72 – $64.81
- One year
- −3.17%
Overview
- Symbol
- BAC
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
7 of 13 judged targets kept · 14 open · verdicts reflect calls analysed to Sep 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Net Interest Income (NII) growth | 5% to 7% growth | Sep 2025 | still expect to hit that full year revised NII growth guidance of approximately 8%. | Revised Up |
| AI project pipeline investment | $700 million | Sep 2026 | We expect that number to go from the $250 million, $300 million this year to $700 million next year in terms of projects we put in the pipeline | New |
Claimed
- Adjusted net income of $8.1 billion or $1.08 per share, up from last year, excluding a regulatory settlement charge.
- Net interest income (NII) reached $16.6 billion, up 8% year-over-year and $450 million from Q2.
- Loans grew for 10 consecutive quarters, up $34 billion to $1.25 trillion, with commercial loans up 8% YoY.
- Deposits increased $14 billion from Q2 to over $2 trillion, with noninterest-bearing deposits accounting for over 75% of YoY growth.
- Wealth Management client balances climbed above $5 trillion for the first time, with AUM up 12% to $2.4 trillion.
Qualified
- Reported net income of $6.9 billion or $0.91 per share, impacted by a $1.2 billion ($0.17 per share) non-tax deductible regulatory settlement charge.
- Sales and trading revenue (excluding DVA) was $5.1 billion, down 5% year-over-year, driven by lower FICC activity.
- Investment Banking revenue declined from a strong year-ago period, driven by lower advisory and debt underwriting fees.
- CET1 ratio decreased by 35 basis points from Q2 to 10.9%, primarily due to higher funded/unfunded loans and AOCI impact.
The full ledger
Open BANK OF AMERICA CORP /DE/’s full ledger
A free account opens 5 company ledgers a month. All 27 tracked commitments, with each call’s wording and source.
Call summaries
Jun 2026 (Q2 FY26) — Jul 14, 2026
Bank of America Q2 FY26 — Strong Performance Driven by Broad-Based Growth and Operating Leverage
Read the full callMar 2026 (Q1 FY26) — Apr 15, 2026
Bank of America Q1 FY26 — Broad-based growth, 16% ROTCE and a raised NII outlook
Read the full callNews
Latest news
From the news desk, item by item, hours after each call.
Every analysed call
Bank of America earnings calls (BAC)
Financials
What the filings say
Net profit, year on year: +27% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 25,345 | 25,347 | 28,247 | 27,443 | 28,088 | 31,180 | 30,272 | 31,558 |
| Profit before tax | 7,324 | 7,108 | 8,997 | 8,668 | 9,456 | 12,435 | 10,404 | 11,565 |
| Tax rate | 5.8% | 6.2% | 18.2% | 17.3% | 10.4% | 39.5% | 17.5% | 21.5% |
| Net profit | 6,896 | 6,665 | 7,360 | 7,170 | 8,469 | 7,528 | 8,584 | 9,074 |
| EPS ($ per share) | 0.82 | — | 0.91 | 0.91 | 1.08 | — | 1.12 | 1.22 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 118,896 | 91,723 | 85,982 | 62,398 | 58,953 | 56,365 | 45,336 | 26,084 |
| Reserves | 136,314 | 156,319 | 164,088 | 188,064 | 207,003 | 224,672 | 240,753 | 261,693 |
| Total liabilities | 2,089,182 | 2,169,269 | 2,546,703 | 2,899,429 | 2,778,178 | 2,888,505 | 2,967,336 | 3,108,495 |
| Fixed assets | 9,906 | 10,561 | 11,000 | 10,833 | 11,510 | 11,855 | 12,168 | 12,516 |
| Total assets | 2,354,507 | 2,434,079 | 2,819,627 | 3,169,495 | 3,051,375 | 3,180,151 | 3,261,299 | 3,411,738 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 39,520 | 61,777 | 37,993 | -7,193 | -6,327 | 44,982 | -8,805 | 12,613 |
| Cash from investing | -71,468 | -80,630 | -177,665 | -313,291 | -2,529 | -35,387 | -90,693 | -145,157 |
| Cash from financing | 53,118 | 3,377 | 355,819 | 291,650 | -106,039 | 93,345 | 60,369 | 69,948 |
| Net cash flow | 19,970 | -15,844 | 218,903 | -32,242 | -118,018 | 102,870 | -42,959 | -58,269 |
BAC operating KPIs by quarter
| KPI | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Common equity tier 1 ratio (CET1) | 11.5%And looking at regulatory capital, our CET1 level remained stable at $201 billion and the ratio is 11.5%.Source: earnings call transcript | 11.6%Looking at regulatory capital, our CET1 level increased modestly to $203 billion, while the risk-weighted assets were relatively flat, and that drove our CET1 ratio higher to 11.6%.Source: earnings call transcript | — | 11.2%From a regulatory perspective, the CET1 capital ratio declined 14 basis points to 11.2%, and that decline primarily reflects the capital return to shareholders above earnings generation as well as balance sheet growth and mix change in support of our clients, and our ratio remains well above regulatory requirements.Source: earnings call transcript | 11.2%We ended the quarter with common equity Tier 1 capital of nearly $202 billion and a common equity Tier 1 ratio of 11.2%.Source: earnings call transcript | 10.9%CET1 was 10.9%, down roughly 35 basis points from Q2, primarily reflecting higher funded and unfunded loans, and a $3 billion reduction in CET1 capital.Source: earnings call transcript | -0.3 pt |
| Return on tangible common equity (ROTCE) | 13.4%We produced a return on assets of 83 basis points and return on tangible common equity of 13.4% in the second quarter.Source: earnings call transcript | — | — | 16%And importantly, we generated return on tangible common equity, ROTCE of 16%.Source: earnings call transcript | 17%We generated return on tangible common equity of 17%.Source: earnings call transcript | — | +1 pt |
| Employees | 212KToday, we have 212,000.Source: earnings call transcript | 213KSo looking at the past 3 years, we've been able to lower our headcount from a peak of 217,000 to 213,000 now.Source: earnings call transcript | — | — | 200K+In addition, we added a slide on AI at Slide 20, which shows how our over 200,000 teammates are actively using AI-enabled capabilities across our company.Source: earnings call transcript | 209KSo -- but this company is success is due to the 209,000 people out there working every day, and they'll be a great leader for it next and the Board will make the decision when the time is there.Source: earnings call transcript | — |
| Efficiency ratio Consumer Banking | 51%The efficiency ratio improved more than 200 basis points in the last 12 months to 51% in the quarter.Source: earnings call transcript | — | 51%Business was also managed well for shareholders as we grew expense less than 2%, allowing us to improve our efficiency ratio to 51% and deliver nearly 350 basis points of operating leverage.Source: earnings call transcript | 53%That resulted in over 500 basis points of operating leverage and a 53% efficiency ratio.Source: earnings call transcript | — | 50%Business produced a 50% efficiency ratio and a 31% return on allocated capital.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
259 filings between Oct 22, 2025 and Sep 15, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$31.08M
7 sales by 7 insiders
Compensation
not trading decisions- 5
- Award — granted as compensation
- 114
- Option exercise — converted options into shares
- 85
- Tax withheld — shares kept back by the company to cover tax
Also filed: 31 dispositions to the issuer, 14 gifts, 2 other filings, 1 code w.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Athanasia Dean C | — | $6.86M | Mar 3, 2026 |
| Greener Geoffrey S | — | $6.72M | May 5, 2026 |
| Mensah Bernard A | — | $4.41M | Mar 12, 2026 |
| DeMare James P | — | $4.19M | Mar 4, 2026 |
| Borthwick Alastair M | — | $3.42M | Feb 27, 2026 |
| Bronstein Sheri B. | — | $2.99M | Mar 5, 2026 |
| Scrivener Thomas M | — | $2.49M | Mar 5, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 15, 2026 | MOYNIHAN BRIAN T Chair and CEO | Disposition to issuer | 18,082 | $1.08M |
| Sep 15, 2026 | MOYNIHAN BRIAN T Chair and CEO | Option exercise | 18,082 | — |
| Aug 15, 2026 | MOYNIHAN BRIAN T Chair and CEO | Option exercise | 18,083 | — |
| Aug 15, 2026 | MOYNIHAN BRIAN T Chair and CEO | Disposition to issuer | 18,083 | $1.17M |
| Jul 15, 2026 | MOYNIHAN BRIAN T Chair and CEO | Disposition to issuer | 18,083 | $1.11M |
| Jul 15, 2026 | MOYNIHAN BRIAN T Chair and CEO | Option exercise | 18,083 | — |
| Jun 15, 2026 | MOYNIHAN BRIAN T Chair and CEO | Option exercise | 18,083 | — |
| Jun 15, 2026 | MOYNIHAN BRIAN T Chair and CEO | Disposition to issuer | 18,083 | $1.01M |
| May 15, 2026 | MOYNIHAN BRIAN T Chair and CEO | Disposition to issuer | 18,083 | $900.0K |
| May 15, 2026 | MOYNIHAN BRIAN T Chair and CEO | Option exercise | 18,083 | — |
| May 5, 2026 | Greener Geoffrey S Chief Risk Officer | Sale | 126,756 | $6.72M |
| May 4, 2026 | Woods Thomas D Director | Tax withheld | 2,473 | $129.1K |
| May 4, 2026 | Zuber Maria T Director | Award | 5,365 | $0 |
| May 4, 2026 | DONALD ARNOLD W Director | Award | 5,365 | $0 |
| May 4, 2026 | Woods Thomas D Director | Award | 5,365 | $0 |
| May 4, 2026 | Martinez Maria Director | Award | 5,365 | $0 |
| May 4, 2026 | ALMEIDA JOSE E Director | Award | 5,365 | $0 |
| Apr 30, 2026 | BANK OF AMERICA CORP /DE/ 10% owner | Other | 0 | $0 |
| Apr 22, 2026 | de Weck Pierre J.P. Director | Tax withheld | 1,096 | $58.2K |
| Apr 15, 2026 | MOYNIHAN BRIAN T Chair and CEO | Disposition to issuer | 18,083 | $982.3K |
| Apr 15, 2026 | MOYNIHAN BRIAN T Chair and CEO | Option exercise | 18,083 | — |
| Mar 15, 2026 | MOYNIHAN BRIAN T Chair and CEO | Disposition to issuer | 18,082 | $844.8K |
| Mar 15, 2026 | MOYNIHAN BRIAN T Chair and CEO | Option exercise | 18,082 | — |
| Mar 12, 2026 | Mensah Bernard A President, International | Sale | 94,000 | $4.41M |
| Mar 10, 2026 | Okpara Johnbull Chief Accounting Officer | Other | 50 | $50.0K |
| Mar 5, 2026 | Scrivener Thomas M Chief Operations Executive | Sale | 50,000 | $2.49M |
| Mar 5, 2026 | Bronstein Sheri B. Chief People Officer | Sale | 60,000 | $2.99M |
| Mar 4, 2026 | DeMare James P Co-President | Sale | 83,832 | $4.19M |
| Mar 3, 2026 | Athanasia Dean C Co-President | Sale | 136,558 | $6.86M |
| Mar 1, 2026 | Athanasia Dean C Co-President | Tax withheld | 52,137 | $2.60M |
| Mar 1, 2026 | Athanasia Dean C Co-President | Option exercise | 107,411 | — |
| Mar 1, 2026 | MOYNIHAN BRIAN T Chair and CEO | Tax withheld | 193,328 | $9.63M |
| Mar 1, 2026 | Thompson Bruce R. Vice Chair, Head Ent Credit | Option exercise | 87,428 | — |
| Mar 1, 2026 | Scrivener Thomas M Chief Operations Executive | Tax withheld | 16,493 | $821.8K |
| Mar 1, 2026 | Scrivener Thomas M Chief Operations Executive | Option exercise | 37,469 | — |
| Mar 1, 2026 | MOYNIHAN BRIAN T Chair and CEO | Option exercise | 395,504 | — |
| Mar 1, 2026 | Nguyen Thong M Vice Chair, Gl Stra & Ent Plat | Option exercise | 99,917 | — |
| Mar 1, 2026 | Mogensen Lauren A Global General Counsel | Tax withheld | 23,199 | $1.16M |
| Mar 1, 2026 | Mogensen Lauren A Global General Counsel | Option exercise | 47,877 | — |
| Mar 1, 2026 | Mensah Bernard A President, International | Disposition to issuer | 1,432 | $71.4K |
| Mar 1, 2026 | Mensah Bernard A President, International | Option exercise | 1,432 | — |
| Mar 1, 2026 | Greener Geoffrey S Chief Risk Officer | Tax withheld | 54,911 | $2.74M |
| Mar 1, 2026 | Greener Geoffrey S Chief Risk Officer | Option exercise | 107,411 | — |
| Mar 1, 2026 | DeMare James P Co-President | Tax withheld | 82,882 | $4.13M |
| Mar 1, 2026 | DeMare James P Co-President | Option exercise | 149,876 | — |
| Mar 1, 2026 | Nguyen Thong M Vice Chair, Gl Stra & Ent Plat | Tax withheld | 55,165 | $2.75M |
| Mar 1, 2026 | Bronstein Sheri B. Chief People Officer | Tax withheld | 20,231 | $1.01M |
| Mar 1, 2026 | Bronstein Sheri B. Chief People Officer | Option exercise | 39,551 | — |
| Mar 1, 2026 | Borthwick Alastair M Executive Vice President & CFO | Tax withheld | 43,743 | $2.18M |
| Mar 1, 2026 | Borthwick Alastair M Executive Vice President & CFO | Option exercise | 79,101 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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