Bank Of America Stock Earnings Reports

Bank of America reported a strong Q1 2026: revenue up 7% YoY to $30.3B, EPS up 25% YoY to $1.11, and NII (FTE) of $15.9B (+9% YoY). The firm achieved 290 bps of operating leverage, improved efficiency to a 61% ratio, and delivered a 16% ROTCE. Every business segment contributed to revenue, earnings, loans and deposits growth. Net charge-offs and other credit metrics improved vs. Q1 2025; provision expense was $1.3B. Average loans grew ~9% YoY (commercial-led); deposits grew ~3% YoY to over $2T with a lower total deposit rate (1.47%). Global Markets, Wealth & Investment Management, and Investment Banking showed double-digit fee growth and stronger client activity. Bank returned capital via $2B dividends and $7.2B buybacks; CET1 at 11.2% (down 14 bps QoQ) but said capital and liquidity remain well above regulatory requirements. Management raised full-year net interest income growth guidance to +6% to +8% (vs. 2025) and reiterated >200 bps of positive operating leverage guidance for the year. They emphasized continued expense discipline, targeted investments (relationship managers, technology, AI), and a conservative, long-standing underwriting culture. On regulation, management expects the proposed Basel III Endgame + G-SIB adjustments could ultimately modestly reduce net capital requirements if adopted as proposed.