Bank of America Q3 2026: Key Highlights
Bank of America reported higher revenue but lower profits in Q3 2026. A $1.2 billion regulatory settlement charge weighed on earnings, while its core businesses continued to grow.
Financial performance
• Revenue: $30 billion, up 3%
• Net income: $6.9 billion, down 17%
• EPS: $0.91, compared with $1.04 last year
• Net interest income: $16.4 billion, up 8%
What drove the results?
• Wealth management revenue grew 13% to $7.1 billion.
• Average loans and leases increased 6% to $1.23 trillion.
• Credit card spending rose 8% in Consumer Banking.
• Credit quality improved, although nonperforming loans increased.
What to watch
Higher operating expenses and weaker fixed-income trading and investment banking fees added pressure. However, excluding the settlement charge, adjusted net income stood at $8.1 billion.
The big picture
Bank of America continues to see growth in revenue, lending and wealth management, but rising expenses and reported earnings pressure remain important factors to watch.
To read more, click: Bank of America Q3 2026 Results: Net Income falls 17%