BAC · News · 20261019N

Credit Loss Provisions

BANK OF AMERICA CORP /DE/ · 2026-10-19 · Importance 31 · Surprise 32

Bank of America was among four major U.S. banks that collectively recorded $7.6 billion of credit provisions in the quarter. The combined provision total was approximately 3% lower than a year earlier. Actual loan losses for the four banks fell 5% year over year while lending grew nearly 10%, indicating relatively resilient borrower performance despite elevated borrowing costs.

Key facts

• Actual loan losses in the quarter between JPMorgan Chase, Bank of America, Citigroup and Wells Fargo fell 5% while lending grew nearly 10%. source