BAC · News · 20261021N

Wealth Management Growth

BANK OF AMERICA CORP /DE/ · 2026-10-21 · Importance 32 · Surprise 24

Bank of America’s wealth franchise is presented as a meaningful contributor beyond traditional lending spreads, with Global Wealth and Investment Management generating $1.41 billion of second-quarter 2026 net income and approximately 16% of group earnings. Advisory fees provide revenue diversification, although the business remains influenced by rising financial markets. The outlook also depends on stronger fees, loan growth and repricing of fixed-rate assets overcoming compensation, funding costs and credit losses.

Key facts

• The Bank of America Board of Directors appointed Jim Fitterling and Bill Thomas as directors, effective immediately. source
• Bank of America's consolidated revenue increased 3.2% year-over-year in the latest quarter reported in the digest. source
• Second-quarter 2026 Global Wealth and Investment Management net income reached $1.41 billion. source
• Global Wealth and Investment Management net income of $1.41 billion represented roughly 16% of group earnings in the September valuation snapshot referenced. source
• Bank of America's recent earnings in the referenced quarter slightly missed analyst expectations. source
• Bank of America carries an approximately 11x forward P/E and a 13x trailing P/E in the September valuation snapshot referenced. source