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      Bank of America Reports Mixed Results for Q3 2026

      Bank of America, headquartered in Charlotte, North Carolina, has released its financial results for the third quarter of 2026, revealing a mixed performance. The bank reported an adjusted earnings per share (EPS) of $1.08, falling short of the estimated $1.16, marking a decline of 6.9%. The generally accepted accounting principles (GAAP) EPS was reported at $0.91, which includes a significant settlement charge of $1.2 billion, equating to $0.17 per share.

      Total revenue for the quarter was $29.96 billion, below the expected $30.76 billion, representing a decrease of 2.6%. Despite these setbacks, the bank's net interest income (NII) exceeded estimates, coming in at $16.45 billion compared to the forecast of $16.24 billion. Trading revenue also outperformed expectations, reaching $6.06 billion against an estimate of $5.41 billion, while investment banking revenue was slightly above projections at $1.80 billion.

      In terms of credit and capital, Bank of America set aside $1.27 billion for credit loss provisions, which was lower than the anticipated $1.49 billion. The bank's total loans stood at $1.25 trillion, surpassing the estimate of $1.23 trillion, while total deposits were reported at $2.04 trillion, aligning with expectations. The common equity tier 1 (CET1) capital ratio was recorded at 10.9%, below the estimated 11.2%.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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